Guitarist [article id="1600770"]Joe Satriani's copyright infringement lawsuit against Coldplay[/article] has been dismissed, and the two sides have reportedly reached an agreement in the dispute.

Billboard reports that an unnamed source close to Satriani confirmed that an agreement had been reached allowing the two parties to avoid a planned upcoming trial in the case, in which Satriani claimed that Coldplay's "Viva la Vida" contained "substantial, original portions" of his 2004 instrumental "If I Could Fly."

The details of the settlement reportedly remain sealed, but unidentified legal sources told Billboard that a financial settlement between the two sides may have been reached, and Coldplay will not have to admit any wrongdoing. At press time, spokespeople for Satriani had no comment and Coldplay reps had not returned requests for comment from MTV News.

Satriani filed suit against Coldplay and the band's label, Capitol Records, in December -- months after a number of online videos pointing out the similarities of the songs began appearing -- alleging that the title track to the group's most recent album incorporated major elements of an instrumental track from his 2004 album, Is There Love in Space? The members of [article id="1610927"]Coldplay consistently denied the allegation[/article].

"If there are any similarities between our two pieces of music," the band said in a statement when the suit was filed, "they are entirely coincidental, and just as surprising to us as to him."

While touring with the supergroup Chickenfoot this summer, Satriani declined to discuss the details of the case, telling Billboard that the "legal system is going through its paces, the protocols are all being met, and it's making its way between various law offices and the courts. I'm pretty confident that there will be an equitable solution reached at some point."

According to documents posted Tuesday on Justia.com -- a site that purports to help make legal information easy to find -- the infringement case was concluded on Monday with an "order upon stipulation" to dismiss, with each side paying their own court costs. The "stipulation" clause suggests that an undisclosed, sealed agreement was made between Coldplay and Satriani to settle the matter.