UPDATE, 12-3-07 at 10:11pm: Geoff Baker of the Seattle Times has heard the Ibanez for Lee rumor as well. The concern is that the Indians would be overpaying.
FROM 12-3-07 at 2:02pm:
We’ve got a few correspondents at the Winter Meetings in Nashville. One source just checked in to mention that the Indians have a minor interest in Raul Ibanez, depending on the asking price. A match could be found with Cliff Lee.