Priscilla Presley has spoken in high regards for granddaughter Riley Keough and other family members, after reaching to a settlement on Tuesday  over late daughter Lisa Marie’s estate.

In a statement to ET, Priscilla revealed,"my family has resolved all confusion as it relates to our plea to the court and request for document interpretation after my daughter Lisa Marie's untimely passing."

 She further added, "although some media identified such a plea as a lawsuit, I want to make clear that there was never any lawsuit filed against my beloved granddaughter."

Priscilla also noted, "as a family, we are pleased that we resolved this together."

"My family and I hope that everyone will grant us the privacy we have needed to properly grieve Lisa Marie and spend personal time together. We love and appreciate all of you and the Presley family is stronger than ever," she pleaded.

Lisa Marie's family members, who came to an agreement in real estate case include Priscilla, Riley, and Michael Lockwood, the father of Lisa Marie's 14-year-old twins, Finley and Harper.

As confirmed by Priscilla’s lawyer, Ronson J. Shamoun "all parties have reached a settlement and the families are happy," he continued, "they are very excited for the future."

Meanwhile Keough’s lawyer, Justin Gold, also acknowledged saying, "Riley is very happy. She’s a remarkable woman and her future is bright."