According to court documents obtained by People magazine, Presley is citing irreconcilable differences and has requested full custody of their 7-year-old twin daughters, Harper Vivienne Ann and Finley Aaron Love.
Presley is also pushing for Lockwood to have monitored visitation with their children and is not seeking spousal or child support. "She doesn't want any of his money," a source disclosed to TMZ.
The pair married in January of 2006 in a traditional ceremony in Japan.
This will be the fourth divorce for Presley who was previously married to Danny Keough from 1988 to 1994 with whom she shares two children Riley 27, and Ben 23. She was also famously married to Michael Jackson from 1994 to 1996 and then Nicolas Cage for a short period in 2002.