Amber Heard and Johnny Depp in the 'Process of Finalizing' Divorce Settlement

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Amber Heard and Johnny Depp's divorce is close to being finalized.

Heard's lawyer, Pierce O'Donnell, tells ET that "the parties are in the process of finalizing the settlement agreements and submitting to the court next week," adding that they are very close to wrapping up the divorce, but haven't yet signed the final document. 

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Under the former couple's agreement, Heard is expected to receive $6.8 million -- $200,000 less than their original $7 million settlement. Depp donated $200,000 directly to Heard's chosen charities, the American Civil Liberties Union and Children's Hospital Los Angeles, in August.

Heard is set to receive the settlement over the next 12 months, which she will in turn donate to the ACLU and Children's Hospital LA by the end of 2018. The actress is also allowing Depp to receive the tax deduction on his donations.

Heard's team initially criticized the 53-year-old actor at the time of his first donation to her chosen charities, insisting that in order to fulfill his settlement without tax deductions, he must double the amount donated.

"Amber Heard appreciates Johnny Depp's novel interest in supporting two of her favorite charities, the ACLU for domestic violence and the Children's Hospital of Los Angeles. This is great and unexpected news," a member of Heard's team said in a statement said at the time. "However, if Johnny wishes to change the settlement agreement, we must insist that he honor the full amount by donating $14M to charity, which, after accounting for his tax deduction, is equal to his $7M payment obligation to Amber. We would also insist that the full amount be paid immediately and not drawn out over many years."

RELATED: Johnny Depp Begins Donating Amber Heard's Settlement Money to Charity: Her Generosity Is 'Deeply Respected'

"Anything less would be a transparent attempt by Johnny's counsel, Laura Wasser and Patti Glaser, to reduce their client's true payment by half under the guise of newfound concern for charities that he has never previously supported," the statement continued.

See more in the video below.