Kris Humphries is planning to "set the record straight" about his marriage to Kim Kardashian.

The NBA player has responded to claims he is seeking a $7 million settlement from the reality star despite having signed a pre-nuptial agreement that entitles him to nothing.

"No demands have been made. While we are encouraged to see an apparent willingness by the other side to put big numbers out in an attempt to settle Mr. Humphries' claims, we respect and will continue to observe the integrity of the legal process. One thing is certain: Kris Humphries intends to set the record straight," his lawyers said in a statement.

Meanwhile, his legal team has vowed to give Kris his day in court. "Much effort and energy to misdirect the public's perception of what transpired between Kim Kardashian and Kris Humphries has taken place over the past several months. This case will not be resolved in the court of public opinion amidst ridiculous and defamatory allegations and personal attacks directed against Kris Humphries. Rather, this case will be appropriately investigated and litigated professionally and with integrity," the statement continued.

Both parties are now reported to be willing at accept an annulment - but only if the other admits to fraud.

"Kim would be happy to annul the marriage, if Kris will admit he defrauded her by promising to live with her in Hollywood and then demanding that she move to Minnesota. Kris wants Kim to admit fraud - that she never had any intention of making this a real marriage ... something Kim has adamantly denied," a source said.