The finished sixth season of the hit program has been in limbo since producer Harvey Weinstein clashed with network bosses at NBC over plans to move the show from Bravo to cable network Lifetime.
And host Klum was forced to shoot the entire sixth season, including its finale, before a single episode had aired.
Both parties agreed a settlement on Wednesday.
A statement from NBC Universal reads, "NBC Universal, The Weinstein Company and Lifetime have resolved their disputes. The Weinstein Company will pay NBCU for the right to move Project Runway to Lifetime. All of the parties are pleased with the outcome."
Weinstein added, “We're thrilled to be launching our relationship with Lifetime with this groundbreaking cable deal that includes the next five years of Project Runway."
(c) 2009 WORLD ENTERTAINMENT NEWS NETWORK LTD. All global rights reserved. No unauthorized copying or re-distributing permitted.