Putin has announced many times what his actual terms are, and those aren't it.
I believe we can take him at his word when he says he plans to "de-nazify" and "de-militarize" Ukraine. What that means, of course, is kill the current Ukrainian government, replace it with a Russian puppet government, and replace Ukraine's military with friendly Russian "peace-keeping" force.
I won't speak for Ukraine, it's their country and it's up to them to decide, but I don't see them accepting those terms.