Miley Cyrus is reportedly "relieved" that a divorce agreement has finally been reached with her ex, Liam Hemsworth.

"Miley is relieved that she and Liam reached an agreement when it comes to the divorce," a Cyrus source told PEOPLE. "She just wants to move on."

The source also adds that Miley is extremely happy with her new boo, Cody Simpson.

"They had a wonderful Christmas Day with her family. They plan on celebrating New Year's together, as well. They are also talking about an Australia trip next year. Miley seems very happy."

Miley went viral earlier this year when she was snapped on a boat with Kaitlyn Carter. The pair went public after they were snapped by paparazzi locking lips on a boat. Miley had reportedly split from her husband Liam Hemsworth before the romp was caught on camera - and Kaitlynn also left her "husband" Brody Jenner - the son of Caitlyn Jenner. Kaitlynn and Brody, though, were never legally married.