Jackson attorney L. Londell McMillan told The Associated Press on Thursday that the pop star has worked out a "confidential" agreement with Fortress Investment Group, LLC. The deal allows him to retain ownership of the famed property in Los Olivos.
"Neverland and MJ are fine," McMillan said.
A source close to the singer who requested anonymity because of the sensitivity of the matter said it's not clear whether Jackson will keep Neverland. Jackson has not lived there since his acquittal on child molestation charges in 2005.