In court papers filed in California, the pair said they’ve privately worked out how to divide their assets and handle spousal support and custody over their 17-year old son Hopper Jack, People mag reported on Wednesday. They also have a 19-year-old daughter, Dylan.
Since Penn wed Wright 11 years ago they’ve announced breakups on multiple occasions, only to later call off the divorce plans.
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In 2007, they filed for divorce but announced four months later that they’d reconciled.
Penn filed for legal separation again in April 2009, but the two-time Oscar winner got back together with his wife a month later, according to People. By August they were separated again.
Last month, Penn described Wright as a ghostly presence.
"She is a ghost to me now," the actor told Vanity Fair. "We spent all those years together … Now she's just gone."
Penn was also previously married to Madonna.