Los Angeles, July 15 (DPA) The lawyer for Michael Jackson's ex-wife Debbie Rowe Tuesday denied a report that she had agreed to forego her parental rights in exchange for a huge cash settlement from the Jackson family.

Rowe, mother of Jackson's two older children, Prince Michael, 12, and Paris, 11, and is considered to have a strong legal case to be granted custody even though Jackson in his will named his mother, Katherine, as the children's guardian.

The New York Post reported this week that she had agreed to cede custody to the children's grandmother in return for $4 million. In an open letter to the paper, her lawyer, Eric George, called the report completely false and demanded a retraction.

'There has been no agreement reached between Ms Rowe and the Jacksons,' George wrote.