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The phrase "are now negotiating" is correct and usable in written English.
It can be used to indicate that discussions or talks are currently taking place regarding an agreement or arrangement.
Example: "The two companies are now negotiating the terms of their partnership to ensure mutual benefits."
Alternatives: "are currently in talks" or "are in the process of negotiating".
Exact(60)
"With South Africa we are now negotiating opening negotiations with the local players.
Management and the franchisee group are now negotiating the contract.
The owners are now negotiating over the size of the rent rebate.
The Senate and the House are now negotiating the differences between their bills.
The two parties are now negotiating over how to apportion the money.
Two companies, ExxonMobil and ConocoPhillips, left and are now negotiating with Venezuela about compensation.
Nagl's soldiers, trained to guide tanks over open ground, are now negotiating Humvees through mud alleys.
They married a year later and are now negotiating the decor of their new flat.
The pirates won that skirmish and are now negotiating a ransom for the Biscaglia's release.
Governments are now negotiating a new poverty reduction framework to replace the Millennium Development Goals.
However, the players in the N.B.A. are now negotiating a new general contract agreement.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com