When it comes to making deals and agreements, there are plenty of synonyms and phrases that can be used in place of "cut a deal." For instance, you might say that you're trying to negotiate a settlement, broker a bargain, strike a bargain, or hammer out an agreement. Or, if you're looking for something with a slightly more colloquial flair, you could say that you're trying to make a good trade, wheel and deal, or work out a quid pro quo. Whatever phrase you choose, the goal is usually the same: to come to an understanding that benefits everyone involved.