CVS and Walgreens agree to $10 billion in tentative deals on opioid cases. Walmart will also reportedly settle

CVS and Walgreens have tentatively agreed to pay a combined $10 billion to settle lawsuits brought by states and local governments alleging the retailers mishandled prescriptions of opioid painkillers.

Walmart has also tentatively agreed to pay $3 billion to settle a similar lawsuits, Bloomberg reported, citing sources familiar with the matter. The agreement wouldn't be finalized until enough states, counties and cities agree to the terms, the outlet said.

CNN has reached out to Walmart for comment.

CVS said if the settlement is reached, it would pay the states nearly $5 billion over 10 years beginning in 2023. Walgreens said would also pay about $5 billion in remediation payments over the course of 15 years.

"We believe this is in the best interest of the company and our stakeholders at this time, and allows our pharmacists, dedicated healthcare professionals who live and work in the communities they serve, to continue playing a critical role in providing education and resources to help combat opioid misuse and abuse," Walgreens said.

CVS also said it is looking to curb opioid abuse.