The British royal has reportedly paid off his debts after agreeing to settle the Prince Andrew abuse scandal.

Britain's PA news agency reported on Tuesday that Andrew had made his payment to US plaintiff Virginia Giuffre.

The civil proceedings, which the 62-year-old was still threatened with before the out-of-court settlement, are now nearing their final conclusion.

Corresponding court documents were sent on Monday, it said.

Only a signature of the competent New York judge is still pending.

Prince Andrew had agreed on a settlement with the plaintiff in mid-February and thus averted a reputation-damaging civil lawsuit in the USA.

Giuffre accused the royal of sexually abusing her as a minor more than 20 years ago.

Reports have it that Andrew will have to pay an eight-figure sum, but there is no official comment.

Some observers see the deal as an admission of guilt by Andrew, even though he has always vehemently denied the allegations.