Hulk Hogan and Gawker have reached a settlement!

The former wrestler settled with the now-defunct gossip site for $31 million over the former wrestler’s sex tape lawsuit, the New York Times confirmed on Wednesday.

The news comes eight months after the WWE legend was awarded $140 million, $115 million in compensatory damages and $25 million in punitive damages, after Gawker published a two-minute in 2012 clip of the WWE superstar's 2006 sex tape from a rendezvous with Heather Clem, the wife of his pal, Bubba the Love Sponge.

There's a big difference between $140 million and $31 million! But we bet both parties are exhausted from the four-year fight!

It seems as though the site pissed off the wrong person in its 13-year run -- namely Silicon Valley-based billionaire businessman, Peter Thiel, who was out for revenge after being outed by the site. The billionaire financed Mr. Nanny's lawsuit, which eventually led to the site filing for bankruptcy and then shutting down in August 2016.

After the settlement agreement was reached on Wednesday, Nick Denton, the founder of Gawker, wrote in a blog post: “After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached." The media man added, "All-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. Gawker’s nemesis was not going away.”

Aside from $31 million, the site will remove the 2012 article detailing Hogan's sordid relationship with his friend's wife, the NYT reports.

Days before Gawker closet its doors on Aug. 22, Gawker Media was purchased by Univision for $135 million. Today's settlement with Hogan means that instead of owing being in the hole $5 million, Denton made $104 million off the sale of the bankrupt blog network.