updated 07/01/2010 AT 11:00 AM ET
•originally published 07/01/2010 AT 11:45 AM ET
While Nordegren has been traveling to Sweden and China with children Sam, 3, and Charlie, 1, and Woods has been struggling to return to the PGA Tour, lawyers for both sides are reportedly close to reaching an agreement.
Sources tell people that Nordegren could land “about $700 million,” a number that has increased steadily throughout the months of negotiations.
Woods’s camp, a source tells PEOPLE, has offered Elin increasing settlement amounts, all of which are contingent on her silence. Nordegren has so far balked at the confidentiality clause, not because she has a burning desire to tell the story, but because it is the biggest bargaining chip she has, says the source.