Rumor roundup: Arroyo eyes return to mound

With the holiday season in full swing, Major League Baseball's clubs are hard at work, surveying the trade and free-agent markets for items on their offseason wish list. In addition to some activity on a few unsigned players, Saturday saw one reported trade fall apart, while another appeared to be gaining steam.

Here's a look at some of the top Hot Stove stories developing around the league:

Multiple teams interested in Arroyo
Free-agent right-hander Bronson Arroyo is reportedly garnering significant interest from several clubs, according to ESPN's Jayson Stark.

The report indicates that Arroyo says he is "perfectly fine" 17 months removed from Tommy John surgery. Stark listed the Nationals, Pirates, Orioles, Padres, Braves, Reds and Phillies as the teams that have reached out to the 38-year-old hurler.

Arroyo has pitched in 15 Major League seasons with Pittsburgh, Boston, Cincinnati and Arizona. He went 7-4 with a 4.08 ERA in 2014, his first year with the D-backs.

• MLB Free Agent & Hot Stove Tracker

Phillips-to-Nats deal falls apart
The rumored deal to send Brandon Phillips to Washington is reportedly dead, as the second baseman declined to waive his no-trade clause, according to FOX Sports.

The reported trade, which neither club confirmed, surfaced Friday. It was not yet clear what Cincinnati might have been receiving in return.

Phillips, 34, has spent the past 10 seasons with the Reds. He batted .294/.328/.395 with 12 homers and 70 RBIs in 148 games last season. As a "10 and 5" player, Phillips has the right to block any trade. He's owed $27 million over the next two years.

Video: Nationals reportedly no longer pursuing Phillips deal

Cardinals interested in Odorizzi
Another club has emerged as a suitor for Rays right-hander Jake Odorizzi. The Cardinals have reportedly inquired about a trade for Odorizzi, according to FOX Sports' Jon Morosi. This news arrived just one day after a CBS Sports report linked the Dodgers to the 25-year-old pitcher.

Odorizzi went 9-9 with a 3.35 ERA through 28 starts with the Rays in 2015, his second full season in the Majors. He was a first-round Draft selection of the Brewers in 2008 and is under club control through the 2020 season.

Video: TB@DET: Odorizzi fans six over six scoreless frames

Span out to prove he's healthy
The market for Denard Span could be heating up soon. The free-agent outfielder is preparing to meet with interested clubs to prove he's fully recovered from the injuries that plagued his 2015 campaign, agent Scott Boras told the New York Post on Friday.

The Post reported that the Mets will be among the teams to meet with Span next month. Span presents a left-handed option New York could pair with the right-handed-hitting Juan Lagares in center field.

Span, 31, is a .287/.352/.395 career hitter through eight seasons with the Twins and Nationals. Multiple injuries limited him to 61 games last season, in which he batted .301 with five home runs and 22 RBIs.

Video: CHC@WSH: Statcast™ tracks Span's wall-banging catch