A source with direct knowledge of the agreement confirmed that the city of St. Louis and the National Football League have agreed to a $790 million settlement.
The settlement doesn't include a promise from the league to grant St. Louis an expansion franchise in the future, but the idea wasn't seriously discussed, according to a source.
The league's share of the settlement was not immediately known.
The Rams relocated to Los Angeles for the second time in franchise history in 2016 after being relocated from St. Louis.
The league broke its own relocation guidelines that were adopted in 1984 in order to leave the city and cost it millions of dollars, according to the lawsuit. The league lost many of its motions and was denied a hearing in the Supreme Court.
The trial for the lawsuit was set for January 10, weeks before the Super Bowl.
The relocation of the 32 teams had entangled them and cost millions of dollars in legal fees, which were mostly covered by the relocation's insurance company. The bills for some teams had reached eight figures.
The Rams moved from Los Angeles to St. Louis because of a new stadium. Two years after the death of Georgia Frontiere, real estate billionaire and Missouri native Stan Kroenke purchased the team from her family.
The Rams moved to Los Angeles from Cleveland in 1946.
The settlement was reported by the Post-Dispatch.
The report was contributed to by The Associated Press.