TMZ reports that the former Hollywood power couple are filing their documents later on Monday. Paltrow announced her divorce in March 2014 in a blog post on her website Goop where she referred to the split as a "conscious uncoupling."
Sources told TMZ that Paltrow and Martin have been working out the details via their business managers and will come to a settlement regarding property and custody.
TMZ reports that the agreement has been signed and all that's left to finalize is the judge's signature. The divorce docs will allegedly cite irreconcilable differences.
A source told People, "This is a natural evolution for Gwyneth and Chris as friends and as a couple," a source recently told PEOPLE. "They remain close, and they remain totally committed to Apple and Moses – as they find their way forward as individuals, they will naturally be more public about seeing other people, if not showy about it."
Paltrow is now dating "Glee" producer Brad Falchuk and Martin is dating Jennifer Lawrence.