Times Square is apparently big enough for two naked cowpokes.

Underpants-wearing guitarist Robert Burck — a k a The Naked Cowboy — has agreed to drop his suit against the female rival he accused of stealing his shtick.

An out-of-court deal says saggy ex-stripper Sandra Brodsky can keep calling herself “Naked Cowgirl” as long as she adds her stage name, “Sandy Kane,” immediately before or after the valuable moniker.

In return, the bikini-wearing busker promised to drop an application to the US Trademark Trials and Appeals Board to cancel the cowboy’s trademark.