nothing will happen.
There are still not really a point to talk, for a peace talk to work, you need to have 1 side that clearly have some advantage and the other side is desperate. I don't see both side have any advantage to talk.
On the other hand, Kyiv front is almost completely rout, couple with the influx of Territorial Defence Force, I can foresee a more general push on Ukraine part. If I was the Ukrainian, I will go after the southern route along Zaporizhzhia and Kherson, first, that is the closest, which mean less logistic issue, second doing so will also free up some element that are currently defending Odesa
We will see how the next phase of counter offensive goes, because if Russian fall back, they would want to talk, and if Ukrainian cannot make head way or stuck in the counter offensive, they would want to talk.