(Jan. 30, 4:00 p.m.) Just a week after an appeals court rejected Whole Foods Market Inc.’s request to delay the Federal Trade Commission’s challenge of the Wild Oats purchase, the two sides appear to be negotiating a settlement.

The FTC said the Austin, Texas-based retailer sent it a settlement offer in its disputed $565 million purchase of Boulder, Colo.-based Wild Oats Market Inc.

According to an order issued by the FTC, adjudication has been suspended until Feb. 5.

The FTC’s administrative trial in the case was set to begin April 6.

In a statement, Jim Sud, Whole Foods executive vice president said “We welcome this opportunity to hold constructive discussions directly with the commissioners as well as the FTC’s attorneys.”

In mid-January, Sud and Whole Foods attorney Lanny Davis said the merger between the two companies was complete. In a conference call held Jan 13, Sud said just a few outdoor signs were all that was left of Wild Oats, Sud said.

“The merger, for all intents and purposes, is complete,” he said. “There is no more Wild Oats.”