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.
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.