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Reports that Larry King and Shawn Southwick are having second thoughts about divorcing surfaced on Friday, as did a story about them seeking therapy.

Is there a chance this troubled marriage could still be saved?

Sources are saying that Shawn Southwick, who accuses Larry King of cheating with Shannon Engemann, her sister, remains open to patching things up.

One caveat: She’s convinced Larry’s still boning Shannon.

Shawn Southwick’s little sister has denied doing King. Shawn herself is accused of having an affair with their two kids’ Little League coach Hector Penate.

That said, they appeared to be on good terms at their sons’ baseball game and reportedly agreed to meet together with a marriage counselor on Monday.

Neither side has withdrawn divorce papers, however, and conflicting reports suggest that the marriage, for which there is no prenup in place, is kaput.

Any sitdown would be part of an effort to maintain stability for their two kids, ages 11 and 9, during a divorce, sources told the New York Daily News.

“I believe there is very little chance for reconciliation,” King’s lawyer Dennis Wasser said. “My most current information is the divorce is proceeding.”

“People either go to reconciliation sessions to save their marriage or just to make sure their actions are in the best interest of the children,” he says.

“If I were a betting man, it’s for the latter.”

King’s spokesman, Howard Rubenstein, added this, however: “Don’t assume anything. All you can presume is that his major interest is his children.”

A friend says neither outcome would surprise him: “Their whole marriage is one big spat. They’re both drama queens. They break up to make up.”

“Shawn has been important in keeping Larry alive. She helped him lose weight and quit smoking.” Well, can his previous six wives can say that?