So says Greg Savage and Loretta Hunt:

Jon Fitch was released from the UFC on Wednesday, but a discussion has reopened with the promotion.

Bob Cook and Zinkin Entertainment, who manage Fitch and other fighters from the American Kickboxing Academy, told Sherdog.com on Thursday afternoon that talk has resumed with the UFC, but they would not comment on the exact nature of the discussion.

There are enough nuances to this issue that can be explored in any of the other posts on this site. For now I'll simply say I hope the parties come to an agreement. I want Jon Fitch in the UFC. I know many others do as well.