The Rolling Stone married Jo in 1985, but they split in 2008, following his affair with Russian waitress Ekaterina Ivanova.
Speaking backstage at the South Bank Sky Arts Awards yesterday, Wood, 63, said: 'Yes, I'm a free man. I believe today is the day the divorce becomes final. I've been so busy.
'I'm going to meet Jo this week very amicably just to talk about 'you have this and I'll have that.''
According to British newspaper The Sun, he added: 'It's only material things. It's important than it's amicable and we're still great pals.'
Jo, 55, recently said that Ekaterina did her a 'favour' by stealing her man.