TMZ reported on Thursday that a lawyer for the singer confirmed both parties agreed to dismiss their cases against each other, and no money changed hands between either party.
Nelly, 43 (real name Cornell Iral Haynes Jr), has stated from the beginning that the accusations against him were not true.
The alleged incident happened in the early morning hours on October 7, 2017, on the rapper's tour bus, which was parked in a Wal-mart parking lot in Washington.
Nelly had performed with Florida Georgia Line on the previous night, and Greene alleged the rape took place around 3:48 AM.
Greene then filed a police report, and the Hot In Here rapper was arrested at around 7am, and released shortly thereafter.
Shortly after the arrest, Nelly's lawyer said in a statement that the rapper was 'prepared to pursue all all legal avenues.'