11:34am: The two sides are in agreement on a trade, reports John Gambadoro of 98.7 Arizona Sports. Right-hander Jack Martinez, the Diamondbacks’ eighth-round pick from last summer’s draft, is going back to the Cardinals in return.
11:28am: MLB.com’s Steve Gilbert reports that a trade sending Arenado to Arizona is “close.” Woo and colleague Ken Rosenthal add that Arenado has agreed to waive his no-trade clause.
11:19am: The Diamondbacks and Cardinals are in “serious” discussions on a potential trade that would send Nolan Arenado from St. Louis to Arizona, reports Katie Woo of The Athletic.
With the Cardinals entering a rebuild under new president of baseball operations Chaim Bloom, trading the 34-year-old Arenado (35 in April) has been a primary goal this offseason. He’s still owed two years and $42MM, though the Rockies are on the hook for $5MM of that sum. Complicating the matter is a full no-trade clause and several years of decline at the plate for the eight-time All-Star and five-time Silver Slugger Award winner.
More to come.