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Oliver Luck, Vince McMahon

Oliver Luck and Vince McMahon's beef won't go to trial after all ... the two sides have just settled, TMZ Sports has confirmed.

As we previously reported, Luck -- who McMahon hired to be commissioner and CEO of the rebooted XFL back in 2018 -- sued the WWE honcho in 2020, claiming McMahon had wrongfully terminated him after the league folded earlier in the year.

Luck -- Andrew Luck's dad -- claimed in his suit that he did nothing wrong .