6:36pm: La Velle E. Neal III of the Minneapolis Star Tribune reports that there are indications that Joe Crede "is willing to sign for less than the $7MM base that we believed he was seeking."
Neal reached Boras, who would only say, "We are in discussions. Nothing has been finalized."
Neal adds that he spoke with another person with knowledge of the talks. "The sense I got was the that Smith and Boras could be one call from wrapping things up," Neal says. "But given the several weeks that talks have gone on - and with full-squad workouts set to begin - the Twins could decide to stick with what they have and move on."
6:04pm: According to Henry Schulman of the San Francisco Chronicle, Giants sources say they are "not in last-minute negotiations" with Scott Boras regarding Crede. The Giants have told Boras they will not go beyond the one-year deal they have on the table.
4:11pm:According to SI.com's Jon Heyman, the Twins are closing in on a deal with third baseman Joe Crede.