We're keeping track of all the latest free agent and trade rumors.

Dec. 17: Yanks reportedly 'expected' to sign 1B after Bellinger trade; what will Cubs do next?

On Tuesday, the Yankees acquired the left-handed outfield bat they have desired since losing Juan Soto to the Mets, getting Cody Bellinger and cash from the Cubs for right-handed pitcher Cody Poteet.

Both of these clubs have been active in recent days -- the Yankees picked up a couple of standout pitchers in Max Fried and Devin Williams while the Cubs traded for All-Star outfielder Kyle Tucker. And it seems like neither team is done making impact moves.

The Yankees' offseason focus will likely now turn toward their infield. More specifically, first base. USA's Today's Bob Nightengale reports that the Bronx Bombers are "expected" to sign a free-agent first baseman, and they have been engaged in talks with the top four available: Pete Alonso, Christian Walker, Carlos Santana and Paul Goldschmidt. Given Bellinger's salary, the Yankees might prefer Santana or Goldschmidt, according to Feinsand. Those two will come at a lower cost than Alonso or Walker.

Meanwhile, the Cubs have been working on a deal to acquire Marlins left-hander Jesús Luzardo, according to Bruce Levine of 670 AM The Score in Chicago. The 27-year-old hurler, who struck out 208 batters in 178 2/3 innings in 2023, is arbitration-eligible for the next two seasons. They are also interested in Mariners starter Luis Castillo, per Ryan Divish and Adam Jude of The Seattle Times (subscription required). He is owed about $72 million through 2027. He would give the Cubs a dependable right-handed ace in a lefty-dominant rotation, with Justin Steele, Shota Imanaga and Matthew Boyd.

Dec. 17: What's next for O's after signing Sugano?

Facing the prospect of losing ace right-hander Corbin Burnes in free agency, the Orioles have been exploring the market for starting pitching. They made a move to bolster their rotation by signing Japanese right-hander Tomoyuki Sugano to a one-year deal for a reported $13 million on Monday.

Sugano, 35, is one of Japan's most accomplished pitchers. In 12 seasons with the Yomiuri Giants of Nippon Professional Baseball, he posted a 2.45 ERA. Though his velocity and strikeout rate have declined as he's aged, he's coming off a season in which he had a 1.67 ERA over 156 2/3 innings.

As The Athletic's Ken Rosenthal noted on the Foul Territory podcast on Tuesday, Baltimore likely isn't done adding to its rotation.

"They entered the offseason looking for two starters. They wanted two," Rosenthal said. "The first one would be, ideally, a top-of-the-rotation guy, a front-of-the-rotation guy, a [No.] 1, 2 or 3 [starter]. The second one, the way it was explained to me, was more of an upside play, someone maybe off the radar a little bit. Well, that's Sugano. It seems to me that this can only be a prelude to a bigger move."

The remaining options, outside of Burnes, for the Orioles to further fortify the rotation include right-handers Jack Flaherty -- who pitched for Baltimore after he was acquired in a 2023 trade with the Cardinals -- and Dylan Cease.

Flaherty is a free agent, and a reunion with the O's is certainly possible after he posted a 3.17 ERA over 28 starts between the Tigers and Dodgers last season. Cease, meanwhile, is also coming off a strong season for San Diego -- he finished with a 3.47 ERA over 33 starts, including the second no-hitter in Padres history.

Both pitchers will be entering their age-29 seasons in 2025. Another possibility is a trade for Luis Castillo of the Mariners, though according to Rosenthal in an article for The Athletic (subscription required), that may be less likely. Rosenthal reported that the Orioles have "at least inquired" about Castillo.

Dec. 17: These clubs have 'varying degrees' of interest in Bregman

Although they acquired corner infielder Isaac Paredes from the Cubs in the Kyle Tucker trade, a reunion with free-agent third baseman Alex Bregman remains on the radar for the Astros, reports MLB.com's Mark Feinsand.

Per Feinsand, the Yankees, Red Sox, Mets, Tigers and Blue Jays also have "varying degrees" of interest in Bregman.

Bregman's market is intertwined with that of Cardinals third baseman Nolan Arenado, who is available via trade. Among the aforementioned group of Bregman suitors, at least two -- the Astros and Yankees -- are said to also have interest in Arenado. The 33-year-old has a full no-trade clause, but he is believed to be willing to waive it to join a contender.

Dec. 16: Giants viewed as possible favorite to sign Burnes

In the wake of Max Fried's reported eight-year, $218 million deal with the Yankees, Corbin Burnes is now in a tier of his own when it comes to free-agent starting pitchers. There are multiple clubs trying to woo the frontline starter, but MLB Network insider Jon Paul Morosi said during Monday's edition of Hot Stove that the Giants are viewed as "perhaps the frontrunner" to sign Burnes. More >

Dec. 16: Cubs would reportedly "really like" to complete Luzardo trade soon

Bruce Levine of 670 AM The Score in Chicago reported on Saturday that the Cubs are in talks with the Marlins about a possible trade involving left-handed starting pitcher Jesús Luzardo. On Monday, Levine added that a deal for Luzardo is "something [the Cubs] would really like to get done here in the next few days. They've been working on it."

USA Today's Bob Nightengale has also reported on the Cubs' interest in the 27-year-old lefty. More >

Dec. 16: Multiple AL clubs reportedly considering Flaherty

The Orioles view right-handed pitcher Jack Flaherty as a “fallback option” if they are unable to bring back Corbin Burnes, sources told The Athletic’s Ken Rosenthal (subscription required). Rosenthal adds that Flaherty could also join the Red Sox, who were interested in him last offseason before he signed on with the Tigers.

Flaherty enjoyed a successful few months with Detroit, logging a 2.95 ERA with 133 strikeouts over 106 2/3 before he was traded to the Dodgers and eventually won a World Series ring.

Unlike Burnes and a couple of other notable names on the free-agent pitching market, Flaherty is not tied to a qualifying offer. That means if a team other than the Dodgers signs him, it won’t have to forfeit a Draft pick as a result. That should make him even more appealing to clubs looking to strengthen their rotation. More >

Dec. 16: 1B Walker is atop Mariners' wish list (report)

First base is a position of priority for the Mariners this offseason. General manager Justin Hollander said Sunday on MLB Network Radio that the club would "love to add some type of first base impact" to go along with Luke Raley, who can handle first and a corner-outfield spot.

And the Mariners have one particular first baseman in mind: free agent Christian Walker. According to Ryan Divish and Adam Jude of The Seattle Times (subscription required), the Mariners have had Walker "atop their wish list since the start of the offseason."

Walker, 33, is a three-time Gold Glover and has recorded a 123 OPS+ over the past three seasons with the D-backs. He is one of two standout first basemen on the open market, with 30-year-old Pete Alonso being the other. Alonso is likely to sign the more lucrative contract this winter because he is younger and has more raw power; his 226 homers since debuting in 2019 are second only to Aaron Judge's 232.

Yet Walker figures to be out of Seattle's price range as well, according to Divish and Jude.

"Industry projections expect Walker to sign a multi-year deal with an annual value between $20 million to $25 million," they wrote. "As things stand, Mariners have about $15 million available in their 2025 budget, sources have told The Times."

The Mariners could free up some money if they find a trade partner for right-hander Luis Castillo, who is owed $68.25 million over the next three seasons and has a $25 million vesting option for 2028. The Red Sox and Cubs have been linked to Castillo in recent reports, although Seattle might prefer to deal with Chicago since it possesses another of the Mariners' "most coveted hitters," according to The Times: second baseman Nico Hoerner.

Thanks to Hoerner’s fantastic defensive skills, he ranks fourth among second basemen in fWAR since the start of 2023 (7.7). Mariners second basemen during that time have an fWAR of 3.3. Hoerner, who is currently recovering from right forearm surgery, is under contract through 2026 for $23.5 million.

Dec. 14: Astros are 'serious suitor' for 3B Arenado (report)

The Astros have emerged as a "serious suitor" to acquire Cardinals third baseman Nolan Arenado, according to a report by The Athletic's Chandler Rome (subscription required).

Rome writes that no deal is imminent, but talks between the two clubs have picked up since this week's Winter Meetings. Arenado has a full no-trade clause, and it's unclear if he would waive it to go to Houston, per Rome. The Astros aren't on Arenado's wish list of six clubs that he'd be willing to accept a trade to. A source told MLB.com's John Denton that list includes the Dodgers, Padres, Angels, Phillies, Mets and Red Sox.

Arenado, 33, is owed $74 million across the next three seasons. The Astros acquired third baseman Isaac Paredes as part of a package that sent outfielder Kyle Tucker to the Cubs on Friday. However, Houston has a need at both corner-infield positions, and trading for Arenado, a 10-time Gold Glover, would ostensibly lead to Paredes moving to first base, a position at which he’s appeared in 71 games in the big leagues.

An Arenado trade would seemingly close the door on a potential reunion between the Astros and free-agent third baseman Alex Bregman. If there is no path back to Houston for Bregman, the Yankees and Red Sox are two clubs that are among the best fits for him, MLB Network insider Jon Paul Morosi said Friday. Ari Alexander of KPRC in Houston reported Friday that the Mets and Tigers are also in the mix.

Dec. 14: Brewers open to trading Hoskins (report)

According to Ken Rosenthal in an article for The Athletic (subscription required), the Brewers "are open to moving" slugging first baseman Rhys Hoskins.

Hoskins, who will be entering his age-32 season in 2025, missed the entire '23 campaign after tearing his left ACL. In his return, he launched 26 home runs but hit only .214 with a .722 OPS. In six seasons with the Phillies prior to joining Milwaukee, he posted an .846 OPS with 148 home runs.

Hoskins could be of interest to clubs looking for help at first base but don't want to spend what it would take to sign free agents like Pete Alonso or Christian Walker.

Dec. 14: A's acquire LHP Springs from Rays in 5-player deal

The A's agreed to a deal with the Rays to acquire left-handed starter Jeffrey Springs and lefty reliever Jacob Lopez on Saturday.

Tampa Bay's return consists of right-handers Joe Boyle and Jacob Watters, outfielder Will Simpson and a 2025 Competitive Balance Round A Draft pick. Boyle pitched in 13 games for the A's, starting 10 and going 3-6 with a 6.42 ERA. Simpson was the A's No. 28 prospect via MLB Pipeline.

This trade represents the second significant addition the A’s have made to their starting rotation this offseason. Earlier this month, they signed right-hander Luis Severino to a 2-year deal with a player option for 2027. More >

Dec. 13: What does reliever market look like in wake of Williams’ trade to Yankees?

There are a lot of impactful bullpen arms available in free agency, and perhaps the activity in that market will pick up following Friday’s trade between the Yankees and Brewers that saw elite closer Devin Williams sent to the Bronx in return for left-handed starter Nestor Cortes, Minor League infielder Caleb Durbin and cash considerations.

The top three free-agent relievers by FanGraphs WAR over the past two seasons -- Tanner Scott, Jeff Hoffman and David Robertson -- are all still available.

On Friday’s edition of Hot Stove, MLB Network insider Jon Paul Morosi said there was a lot of buzz surrounding Scott during this week’s Winter Meetings in Dallas, and he reported that the Yankees, Phillies, Dodgers, Red Sox and Blue Jays have all been linked to the All-Star left-hander, who had a 1.75 ERA over 72 innings this past season. That report came before the Williams trade was announced, so it’s unclear if the Yanks will remain involved for Scott. What is clear is that he has many clubs pursuing him. Regarding the rest of the bullpen market, Morosi said teams seem to be waiting for Scott to sign since he figures to land the most lucrative contract among available relief pitchers.

Morosi added that some mix of those aforementioned teams are also interested in Kirby Yates and Kyle Finnegan, both of whom were also All-Stars in 2024. Yates was an All-MLB Second Team selection after enjoying a bounceback season with the Rangers. Finnegan saved 38 games for the Nationals this year before he was non-tendered last month.

Robertson is entering his age-40 season, but the 16-year vet produced a 12.4 K/9 and a 3.00 ERA across 72 innings with Texas this past season. Other viable closers available include Kenley Jansen and Carlos Estévez. The 37-year-old Jansen is one of eight pitchers in MLB history with at least 400 saves. Estévez had 57 saves and a 3.22 ERA over the previous two seasons while pitching for the Angels and Phillies.

Hoffman, the No. 9 overall Draft pick by the Rockies in 2014, came up through Colorado’s system as a starter, and some interested clubs have considered putting him back into a rotation. But the 31-year-old has become a top-notch reliever over the past two seasons with Philadelphia. He posted a 2.17 ERA and a 12.1 K/9 over 66 1/3 innings out of the Phillies’ bullpen in 2024, and the Phils are open to a reunion, according to The Athletic’s Matt Gelb (subscription required).

Dec. 12: What's next for Red Sox after Crochet trade? Possibly another big arm

The Red Sox have landed the ace they've been looking for, reaching a trade with the White Sox to acquire All-Star left-hander Garrett Crochet for a haul of four prospects. However, it appears Boston isn't done with its search for starting pitching.

According to Alex Speier of the Boston Globe, the Red Sox are continuing to explore the market for frontline arms, including free agent Corbin Burnes. Meanwhile, MLB Network insider Jon Paul Morosi reports that Boston is talking to the Mariners about a trade for one of their starters. Luis Castillo, who has three years remaining on a five-year, $108 million deal (plus a $25 million vesting option in 2028), appears to be the focus of those discussions.

With the Red Sox also looking to add a hitter, MLB.com's Mark Feinsand hears that they are one of the teams pursuing the top third baseman on the market, Alex Bregman. More >

Dec. 12: Mets remain 'engaged' with Alonso

On the day that the Mets introduced their $765 million man, Juan Soto, after landing the superstar on a record deal, owner Steve Cohen suggested that another slugger -- this one already beloved in Queens -- could return. According to MLB.com's Anthony DiComo, Cohen said that the club is "still engaged" with free-agent first baseman Pete Alonso, and that "hopefully, we'll get there." More >

Dec. 12: Padres 'listening' on most veterans, have gotten inquiries on Cease, Arraez, Bogaerts

One year after trading Juan Soto, could the Padres consider another blockbuster for one of their star players?

It’s a possibility, according to MLB Network insider Jon Heyman, who reported Wednesday night in an article for the New York Post that the Friars are "listening on almost all their veterans" and have received inquiries about starter Dylan Cease, infielder Luis Arraez and shortstop Xander Bogaerts.

Cease and Arraez are both eligible for free agency next offseason and could garner substantial interest. Bogaerts will likely be tougher to move, as he’s going into the third year of an 11-year, $280 million contract and is coming off a .688 OPS -- his lowest since 2014.

Cease in particular has been the subject of increased trade chatter in recent days, with MLB.com's Mark Feinsand and MLB Network insider Jon Paul Morosi reporting on the right-hander's potential availability amid surging prices for free-agent arms.