An auction was due to sell off many of the King Of Pop’s possessions from his massive Neverland estate.

Fans were set to bid for everything from his crystal encrusted glove to the gates to his famous ranch. Tickets had already gone on sale for the hotly anticipated auction.

However Jacko’s lawyers have reached an agreement with the auction house that will see the memorabilia returned to the star.

Michael reportedly has debts of up to $24 Million. However he is due to play 50 shows at London’s O2 Arena starting this summer which will earn him millions.