In a letter to the Post Tuesday, Rowe's lawyer demanded a retraction to the story and said the report of an agreement between Rowe and the Jacksons was "unequivocally false."
The Post, citing anonymous family sources, reported earlier Tuesday that Rowe was looking for "one final payday" in exchange for not pursuing custody of Jackson's children. Rowe gave birth to the singer's two oldest - Prince Michael I, 12, and Paris Michael, 11.
Read letter from Debbie Rowe's lawyer to the NY Post
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Katherine Jackson, the singer's mother, was named in Jackson's will as the beneficiary of his estate and guardian of his children. She is petitioning for formal custody rights.
Eric George, Rowe's attorney, said there has been no agreement over custody or visitation between to two camps and called the Post's contrary report a "reckless disregard of the truth."
The Post claims Rowe cashed in on not seeking custody twice before. After Paris' birth, Jackson gave Rowe an $8 million lump sum plus $900,000 annually for five years so he could raise them by himself, according to the report. The paper said Rowe resurfaced in 2001, following accusations of child molestation against the singer, and got $4 million and a $900,000 home from Jackson in return for full custody.
George said Rowe "has not accepted - and will not accept - any additional financial consideration beyond the spousal support she and Michael Jackson personally agreed to several years ago."