We're keeping track of all the latest free agent and trade rumors.
Jan. 22: Who might be the next SP traded after Peralta, Gore moves?
Two of the biggest starting pitchers on the trade block have been shipped elsewhere within the past 24 hours. On Wednesday night, the Brewers traded ace Freddy Peralta to the Mets for two prospects. On Thursday, the Nationals dealt left-hander MacKenzie Gore to the Rangers for five prospects, a source told MLB.com.
There are still a couple of impact free-agent starters out there in Framber Valdez and Zac Gallen, but with teams really scouring the trade market for arms right now, who might be the next to go?
Two-time Cy Young Award winner Tarik Skubal is the marquee name, but the industry consensus is that the Tigers will hold onto their star southpaw for now. More likely trade candidates could include the Pirates' Mitch Keller, the Athletics' Luis Severino and the Royals' Kris Bubic, but none of them have been the subject of recent trade buzz.
Twins starters Joe Ryan or Pablo López would spice up the market, but the club is reportedly not planning to move either. Former Cy Young Award winner Sandy Alcantara could still be on the block as well, but the Marlins' recent trades involving starting pitchers Edward Cabrera and Ryan Weathers may lessen their desire to keep emptying the rotation.
Jan. 21: What’s left for Yankees to do after Bellinger’s return?
From the start of the offseason, the Yankees made no secret that bringing back Cody Bellinger was their top priority. They finally accomplished that goal on Wednesday, reaching a five-year deal with the outfielder, a source told MLB.com’s Mark Feinsand.
The Yankees previously re-signed outfielder Trent Grisham, infielder Amed Rosario and pitchers Ryan Yarbrough and Paul Blackburn. They also traded for pitcher Ryan Weathers and signed infielder Paul DeJong to a Minor League deal. With Bellinger returning as well, much of the Yankees’ offseason work is now complete, though another trade for a starter can’t be ruled out with Gerrit Cole and Carlos Rodón set to miss Opening Day.
Bellinger’s return could also give the Yankees more latitude to move one of their young outfielders in a trade, be it Jasson Domínguez or prospect Spencer Jones.
Jan. 21: The latest on the top remaining free agents
Another top free agent came off the board on Wednesday, as Cody Bellinger reached a five-year deal to return to the Yankees (per a source).
Bellinger's deal means that there are just six free agents who are still available from the top 30 list MLB.com's Mark Feinsand released at the start of the offseason. Here's what we know about those six players.
Framber Valdez and Zac Gallen: Both of these free-agent starters -- like Dylan Cease and Ranger Suárez before them -- were extended a qualifying offer early in the offseason. That means if they sign with a new team, that club has to surrender some level of Draft pick compensation to their old team (the Astros and D-backs, respectively, in this case). It's unclear if that has been a factor in their extended stay on the open market. Valdez has been linked to the Mets, Orioles, Giants and Cubs. The left-hander reportedly met with the Blue Jays during the GM Meetings in November, but that was before Toronto signed Cease to a $210 million contract.
Gallen is looking to bounce back following a year in which he posted a 4.83 ERA and a career-low 21.5% strikeout rate. Last month, Feinsand listed the Angels, Giants, Tigers, Orioles, Braves and Cubs as having some interest in the 30-year-old. Bruce Levine of 670 AM The Score in Chicago reported Monday that conversations between the Cubs and Gallen are "ongoing."
Eugenio Suárez: The 34-year-old third baseman hit 49 home runs last season, and although he struggled at the plate after being traded to the Mariners ahead of the Deadline (.189 average, .683 OPS, 35.9% K rate), Mariners general manager Justin Hollander said in December that the club is open to bringing Suárez back for a third stint in Seattle. The Pirates have also checked in on Suárez.
Luis Arraez: Does any team want a three-time batting champ? One of this offseason's most interesting free agents, Arraez was linked to the Rangers earlier this winter. Texas is now managed by Skip Schumaker, who was his manager with the Marlins from 2023-24. There has been very little buzz surrounding Arraez, who could ultimately end up back with the Padres as they still have a need at first base.
Chris Bassitt and Lucas Giolito: The last two players on Feinsand's top 30, these two right-handers are at the head of a cluster of serviceable rotation arms who are still unsigned. It would make sense to assume that pitching-needy teams such as the Orioles and Mets could also be interested in these veteran hurlers. The Athletic recently reported (subscription required) that the Tigers have been in talks with both Bassitt and Giolito.
Jan. 21: Mets acquire right-hander Peralta, center fielder Robert
The Mets have been busy on the trade front over the past 24 hours or so, acquiring a star right-handed pitcher and a slugging center fielder. And it all came with the introduction of new third baseman Bo Bichette sandwiched in between.
On Wednesday night, New York struck a deal with the Brewers to acquire Freddy Peralta after acquiring center fielder Luis Robert Jr. from the White Sox on Tuesday night.
Peralta, along with right-hander Tobias Myers, heads to the Mets in exchange for prospects Jett Williams (Mets' No. 3 prospect) and Brandon Sproat (Mets' No. 5). Peralta is the bona fide ace New York had been looking for to plug in atop its starting rotation, which currently features Nolan McLean, Sean Manaea, Clay Holmes and David Peterson.
Robert was acquired from the White Sox for infielder Luisangel Acuña and right-handed pitching prospect Truman Pauley, the clubs announced.
Talks regarding Robert had been ongoing since the Trade Deadline in 2024. There were even times, specifically Spring Training prior to the 2025 season, when Robert didn’t seem to believe he would be with the White Sox by Opening Day. But the center fielder stayed put until this offseason.
Jan. 16: Verlander garnering interest from several clubs (report)
Veteran right-hander Justin Verlander is "receiving interest from several clubs," according to a report by Ken Rosenthal in the Athletic (subscription required). A specific team Rosenthal mentions is the Orioles, who are looking to add to their starting rotation.
While Verlander finished with a 3.85 ERA in his age-42 campaign last year, he posted a 2.60 ERA over his final 13 starts for the Giants, showing that he certainly might have something left in the tank as he seeks to pitch in a 21st Major League season.
Baltimore's current rotation features Shane Baz (acquired in a trade with the Rays earlier this offseason), Trevor Rogers, Kyle Bradish, Zach Eflin (signed as a free agent) and Dean Kremer. The O's have also been linked to free-agent left-hander Framber Valdez.
Rosenthal refers to Verlander as a "fallback" for Baltimore in the event it is unable to land one of those other options.
Jan. 16: Phillies quickly pivot after losing out on Bichette, bring back Realmuto (source)
The Phillies met with infielder Bo Bichette this week and reportedly made him an aggressive offer with the hopes that he would join the likes of Bryce Harper and Trea Turner on their infield. Alas, Bichette ultimately decided to join the Mets on a three-year deal Friday, per a source.
It didn't take long for Philly to close the deal with its next target. A source told MLB.com on Friday that the club has agreed to bring back catcher J.T. Realmuto on a three-year, $45 million contract with a possible $5 million more in incentives per season. The top catcher in this year's free agent class, Realmuto spent the past seven seasons with the Phillies, making two All-Star teams and winning two Gold Gloves in the process.
This is likely the Phillies' last headline move of the offseason, according to MLB.com's Mark Feinsand. But they could still make minor additions to the club. The Phils could target some rotation depth and/or seek a right-handed bat to platoon with Brandon Marsh in left field, per The Athletic's Matt Gelb (subscription required).
Jan. 15: What’s next for Red Sox after landing Suárez?
Much of the chatter surrounding the Red Sox lately has been about their pursuit of an infielder and how they’ll respond to the loss of Alex Bregman, who signed a five-year, $175 million deal with the Cubs. On Wednesday, though, they made a surprising move to further bolster their rotation, landing Ranger Suárez on a five-year, $130 million deal in free agency (per a source).
With Suárez joining holdovers Garrett Crochet and Brayan Bello and fellow newcomers Sonny Gray and Johan Oviedo on Boston’s staff, the Red Sox could have one of the game’s best rotations.
They also have plenty of starting pitching to offer in a trade for an infielder. A team source suggested to The Athletic's Jen McCaffrey (subscription required) that the Red Sox will still be exploring free-agent bats in addition to the trade market.
Having Kutter Crawford and Patrick Sandoval on hand to provide veteran depth could allow Boston to dangle either Payton Tolle (MLB Pipeline’s No. 28 overall prospect) or Connelly Early (Red Sox’s No. 4 prospect) as trade bait. Bello, who signed a six-year extension with Boston in March 2024, is another trade candidate. The Athletic's Ken Rosenthal reported in December that Boston had been "quietly" shopping him.
Although the D-backs have pulled reported Boston target Ketel Marte off the trade market, McCaffrey suggests the Red Sox could try to reignite conversations with Arizona, offering Tolle or Early along with either Jarren Duran or Ceddanne Rafaela.
Cubs second baseman Nico Hoerner, Cardinals second baseman Brendan Donovan and Astros third baseman Isaac Paredes are among the other options the Red Sox could consider. However, it's questionable whether the Red Sox would move Tolle or Early for any of those veterans.