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'seek a settlement' is correct and usable in written English, particularly in legal or business contexts.
It means to actively try to find a resolution or agreement to a dispute or conflict. Example: The two parties have been in a heated legal battle for months, but both have now agreed to seek a settlement through mediation.
Exact(40)
But Sun said it would seek a settlement.
The department could appeal the decision or seek a settlement with Mr. Kidd.
Mr. Grasso's recent victory could push the attorney general to seek a settlement.
It would be politically risky for either Mr. Putin or Mr. Maskhadov to be the first to seek a settlement.
When Reagan telephoned on May 31 urging her "to show we're all still willing to seek a settlement," the prime minister finally lost patience.
Mr. Almunia could also seek a settlement in which the company agreed to modify its practices without a fine or guilty finding, or drop the case entirely.
Similar(16)
Rather than impose changes on Google, he has been seeking a settlement.
The Arab participants sought a settlement under which Israel would yield land it occupied.
The league is seeking a settlement within two weeks so that the season would start on or near Jan . 19
Mr Singh is keen to show both Kashmiris and Pakistan that he is sincere in seeking a settlement of the dispute.
Greek Cypriots for the most part blamed the United States for failing to prod Turkey into seriously seeking a settlement.
More suggestions(2)
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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