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The phrase "mediate the settlement" is correct and usable in written English
It is typically used to refer to a situation where a third-party assists two sides in reaching a resolution or agreement. For example: The two sides were unable to resolve their differences, so they agreed to have a mediator mediate the settlement.
Exact(2)
Mr. Pastore said he began meeting with the opposing parties, and later helped mediate the settlement discussions.
Hu Chunhua, the new party chief of Guangdong, China's most liberal province, helped mediate the settlement, journalists said.
Similar(58)
Commissioner Bud Selig, who mediated the settlement, said in a statement, "Fred represents the best in ownership and I am confident that the club will move forward in a positive direction under his leadership".
US District Judge Dan Aaron Polster, who mediated the settlement, said in the document filed in the Cleveland court that the city made no admission of wrongdoing in the shooting.
When Joseph went to war with Prussia over this issue (War of the Bavarian Succession, 1778 79), Vergennes helped mediate the peace settlement.
Representative Todd Hunter, a Corpus Christi Republican who earned tens of thousands of dollars mediating the hurricane settlement with T.W.I.A. and was formerly the association's lobbyist, served on the agency's oversight committee.
Earlier this year, the judge enlisted Mario M. Cuomo, New York's former governor, to help mediate the lawsuit, and perhaps work out a settlement.
The Charities Bureau of the New York State Attorney General's office began to mediate the dispute in late summer, and Brad Maione, a spokesman for the Bureau, said recently that there was growing optimism that a settlement could be reached.
Hong Kong offers to mediate the collapsed talks.
Who gets to mediate the frustration?
He also offered to mediate the crisis.
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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