His wife, Sherrie Daly, who went to prison last year in connection with a drug investigation, accused him in a court petition Monday of sexually assaulting her and making up the knife attack to mask his own wrongdoing.
Both asked a Memphis court for protection against the other.
But the hostilities cooled Tuesday after a meeting with their attorneys, said Stevan Black, Daly's lawyer.
"It's not the present intent of either of them to press any criminal charges against the other," Black said.
Calls to Sherrie Daly's lawyer were not returned.
Sherrie Daly filed for a divorce last year but the couple still lived together at their residence near the Southwind golf course where Daly played last week in the Stanford St. Jude Championship.
"For the time being, the divorce is still pending and there's been no discussion of reconciliation," Black said. "But it certainly was deemed important to return to civility."
The two have agreed to refrain from further public comments about their marital troubles, Black said.
Sheriff's deputies were called to the suburban Daly residence about 6 a.m. Friday. Daly said his wife attacked him with a knife while he was sleeping. He had no serious injuries but deputies said his face was scratched and his shirt had blood on it.
Sherrie Daly had left the residence, the report said.
In her court petition, she accused Daly of attacking her in a drunken rage and scratching his own face "to cover up his sexual assault," for which few details were given.
Daly filed a similar petition with the court Friday. Both were filed as part of the ongoing divorce proceeding, with each seeking temporary custody of the couple's 3-year-old son and Mrs. Daly's 8-year-old son from a previous relationship.
Black said the Dalys have agreed, at least temporarily, to continue jointly caring for the boys at the Memphis residence. "Each of them has equal access and likes to be in the home," he said.
Daly won the 1991 PGA Championship and 1995 British Open and has a loyal fan following on the tour. But his play has been overshadowed at times by drinking, outrageous tales of gambling losses and suspensions.
In an autobiography released last year â My Life In & Out of the Rough â Daily acknowledged gambling and drinking addictions and devoted a chapter to his three ex-wives titled, "All My Exes Wear Rolexes."