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MediaPunch / REX / Shutterstock / Rex USA 1 / 4

Will Billy Bush receive a massive settlement for leaving the "Today" show? As reports circulated that the television host would be netting around $10 million for his exit, his lawyer spoke out to set the record straight.

Marshall Grossman, Billy's attorney, talked to Us Weekly about the rumors, saying, "There are news reports that a $10 million settlement has been reached between Billy Bush and NBC. That report is false. There is no $10 million agreement and that amount has not been discussed. Negotiations are ongoing between the parties."

Page Six recently reported that the 44-year-old anchor would be receiving a large lump sum comparable to what he would have made during the run of his three-year contract, which they estimated as being $10 million.

Billy has been in hot water ever since a 2005 recording of the host and presidential candidate Donald Trump surfaced, where the men are heard saying negative things about women while taping a segment for Billy's former show, "Access Hollywood." In light of the controversy, the host was suspended from his "Today" show duties, where he previously co-hosted the 9 a.m. hour.

It seems unlikely that he will be returning to the morning news show anytime soon. Though reps for the "Today" show have yet to make any official statement, Page Six's sources claim that Andy Lack, the NBC News Chief, had Billy's office cleared out from their Rockefeller Center offices.

Sources close to the anchor told Us Weekly that the writing seems to be on the wall. "He's definitely gone. A lot of people feel so bad for him. He's a good guy. He made a mistake, but he's a genuinely good guy," an insider shared. "They don't see any way he can go back on morning TV after this."

After the tapes were made public Billy put out a statement to Us Weekly on Oct. 7, saying, "Obviously I'm embarrassed and ashamed. It's no excuse, but this happened 11 years ago — I was younger, less mature and acted foolishly in playing along. I'm very sorry."

In the aftermath of the scandal, Billy Bush has been disappearing from social media. He recently deleted his Twitter account, as well as both his public and private Facebook pages.