Trade rumors: Miller, Skubal, Marlins, O's, Twins, Rays, Peralta

4:24 PM UTC

The Trade Deadline is fast approaching -- five days to go and counting.

Trades and Transactions presented by CohnReznick
• 2026 Trade Deadline: Aug. 3, 6 p.m. ET
• Latest trade buzz and rumors
• Tracking every trade

Here's a look at the latest rumblings on some of the hottest names swirling in the rumor mill, including , , , and more.

What the Padres want for Miller

The chances of a Miller trade are looking more unlikely by the day. After falling to 50-53 on July 23, the Padres have won four straight games and currently sit just 1 1/2 games out in the race for the third National League Wild Card spot.

Of course, a Miller trade can’t be fully ruled out when general manager A.J. Preller is involved, but it’s going to take an exorbitant offer to pique San Diego’s interest after the club gave up top prospect and three other players to acquire Miller and lefty last summer. According to ESPN’s Jeff Passan, Preller has been telling teams that no one in their organization can be off limits if they want to trade for Miller.

What’s the latest on Skubal’s market?

The Athletic reported Tuesday that multiple teams -- including the Dodgers, Yankees, Rays, Brewers and Braves -- were planning to start calling Tigers president of baseball operations Scott Harris about Skubal on the heels of a three-game losing streak that dropped Detroit to 50-57. The Phillies could be a fit as well -- MLB Network insider Jon Paul Morosi reports that Philadelphia scouted Skubal’s last start.

However, Skubal’s trade status is very much still up in the air as the left-hander prepares to make what could be his final start with the Tigers on Wednesday. A 14-0 win over the Orioles on Tuesday night put the Tigers back within 3 1/2 games of an American League Wild Card spot.

If Skubal is made available, MLB.com’s Mark Feinsand thinks the Rays and Brewers will be the two biggest threats to land him.

Marlins’ plans for Trade Deadline

The Marlins’ recent 12-game losing streak sparked renewed speculation about the club’s Trade Deadline plans, especially with regards to Alcantara, who has one year left on his contract -- a $21 million club option ($2 million buyout) for 2027.

The Athletic (subscription required) reported Wednesday that the Marlins don’t plan on moving Alcantara, fellow pitchers and or rookie catcher , echoing what Miami pre- and postgame reporter Craig Mish said Monday.

However, that doesn’t mean Miami isn’t open to dealing other players on its roster. Per The Athletic, the Marlins are willing to listen to potential offers for infielders and , catcher/DH and outfielder , perhaps sensing an opportunity to sell high on several controllable pieces having strong seasons.

Clubs are also reportedly calling the Marlins about all of their relievers, including , and , who is currently on the IL with a stress reaction in his right shin.

Orioles have had conversations about trading core pieces

The Orioles are another interesting bubble team to watch as the Trade Deadline approaches. The O’s 14-0 loss at the hands of the Tigers on Tuesday dropped them to 52-56, but they are still only 2 1/2 games out in the race for the third AL Wild Card spot.

If they surge over the next few days, they very well could end up buying. Or, they could sell, and if they do, pending free agents and might not be the only players on the move. Passan reports that they’ve had trade conversations about multiple controllable players, including catcher , infielder and outfielder .

The Twins are buyers; what does that mean for catching market?

Many contenders need catching help, but the trade options keep dwindling. The Rockies are unlikely to deal . The Athletics' is expected to miss the rest of the season after tearing his meniscus. Rutschman is currently sidelined with left wrist inflammation. And now, Jeffers may be off the market as well.

Jeffers has received significant trade interest in recent weeks, but Twins general manager Jeremy Zoll said Tuesday that Minnesota views itself as a buyer. Barring a dramatic shift over the next few days, Jeffers and starter -- another popular Minnesota trade candidate -- are likely staying put.

So where does that leave teams looking for a catcher? Feinsand breaks down the market here.

Which teams scouted Holmes’ rehab start?

could be one of the Mets' more popular trade candidates before the Deadline. The right-hander hasn't pitched in the Majors since May 15 due to a fractured right fibula, but he's closing in on a return after making his second rehab start on Tuesday for Single-A St. Lucie.

The Yankees, White Sox, Phillies, Rays, Rangers, Dodgers and D-backs were among the teams with scouts in attendance at Holmes' latest outing, according to The Athletic.

Holmes can opt out of his contract this offseason to become a free agent and recently said he hadn't engaged in substantive extension talks with the Mets, making him a likely candidate to be dealt.

Rays interested in Neto, Peralta

The Rays have been linked to a wide range of trade targets this month, from Skubal to Jeffers to Holmes to . We can add two more names to the list.

FanSided’s Robert Murray reports that the Rays are showing interest in Angels shortstop and Mets starter . Of the two, Peralta (pending free agent) is far more likely to be dealt, but the Halos are said to be willing to listen on Neto. The 25-year-old, who is controllable through 2029, reportedly has drawn interest from the Red Sox as well.

Only two teams have had worse-hitting shortstops than the Rays (71 wRC+) this season.

Brewers eyeing Peralta reunion?

The Brewers are another team showing interest in Peralta -- Passan reports that they've had trade talks with the Mets about the right-hander, a little over six months after they traded him to New York with for highly touted prospects and .

The Brewers know Peralta better than anyone, so perhaps they feel they can help him return to form. The trade return will surely be much lighter this time around, with the righty just months away from free agency and carrying a 4.99 ERA this season.