It has been reported that Tyga's legal representatives have reached an agreement with his former landlord's lawyers at Abir, Cohen, Treyzon and Salo.
TMZ reports that the settlement fee was for less than $480,000 but, an agreement was made.
Tyga's lawyer is now set to ask a judge in court on Friday to get the arrest warrant withdrawn.
It was previously reported that Tyga was in the middle of a concert when he was served papers over the hefty legal dispute with an ex-landlord.
Kylie's rapper boyfriend allegedly owed Gholamreza Rezai $480,285.00 in damages for his old rental property, which he vacated "sometime prior to" October 31, 2012, and was given a "gift" of legal documents informing him he was being sued while reaching out to the audience at a club show.
Boris Treyzon, the landlord's attorney, said: "We served him at Fluxx night club in San Diego on July 20th. He was performing on stage, reaching out to the audience, and our processor decided to give him a gift back."
According to the lawyer, Tyga - who had a warrant issued for his arrest on Tuesday after he failed to attend a court hearing on the matter - understood the significance of the case when he received the papers and was aware of the implications when he splashed out on a $189,000 Mercedes-Maybach for girlfriend Kylie Jenner's 19th birthday.
Treyzon added to People magazine: "On the date the debtor [Tyga]'s notice is served, there is a lien that's created on all of his assets. [That means] he isn't allowed to do any transfers.
"Once [Tyga was] served, the lien is created. Of course, we have an irate client who is owed half a million dollars and then the client reads that Tyga is giving a Maybach as a gift - that's in violation of two things.
"There is a hold on him transferring any assets while there is a judgment outstanding - that's going to be a separate action to recover that car unless the judgment is satisfied - and he's to appear in court, be placed under oath and he needs to answer questions."
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