Former International Monetary Fund chief Dominique Strauss-Kahn has reportedly settled out of court with the woman who accused him of sexually assaulting her in a luxury New York City hotel last May. French media reported on Friday that the two will settle for $6 million (4.6 million euros), an agreement that would end the 18-month-long saga that brought down one of France's most prominent political figures.

Strauss-Kahn was tipped to win this year's French presidential election before being handcuffed by New York City police in May 2011. He reached the deal with Nafissitou Diallo, a former Sofitel hotel maid, within recent days, the New York Times and NBC television first revealed on Thursday.