Coleen Rooney’s offer to Rebekah Vardy to end their legal dispute is said to be “still on the table”.
The wife of footballer Wayne Rooney is understood to have proposed that both sides “walk away” under the deal.
The pair have been embroiled in a legal fight after Rooney, 34, publicly claimed Vardy’s Instagram account was the source of leaked, fake stories about her private life.
Dancing On Ice star Vardy, 38, has vehemently denied the accusation, which made headlines around the world.
A source told the PA news agency: “Coleen did make an offer several months ago.
“It’s still on the table. She offered that both Coleen and Rebekah would pay their own legal costs and give money to charity.
“Both would walk away amicably but agreeing to disagree, instead of the spectacle of paying money to lawyers.”
Last year Vardy, who is married to Leicester City striker Jamie Vardy, hinted that she and Rooney could settle their differences soon.
She told Hello! magazine: “The new year could potentially see a resolution between us. I’m pretty sure the public are sick of reading about it, too.”
Last year during the first round of the libel battle, a judge ruled that Rooney's original post identified Vardy as “guilty of the serious and consistent breach of trust that she alleges”.
Rooney's side had argued she referred to Vardy's Instagram account and not Vardy herself.
In the November judgement, Rooney was also ordered to pay Vardy just under £23,000 in costs for the hearing.
Vardy’s representative has been contacted for comment.
With additional reporting by PA.
Watch: Coleen Rooney offers Rebekah Vardy peace deal