4:13pm: ESPN's Peter Gammons says the Reds "backed off a potential deal" for Rolen. The Reds are actually hoping to move some contracts, and will listen on Bronson Arroyo, David Weathers, Aaron Harang, and Arthur Rhodes. Plus there's the issue of the Jays not wanting to trade Rolen if they keep Halladay.
2:00pm: CBSSports' Danny Knobler says the Jays would get Edwin Encarnacion and others, if this does get done. The sticking point appears to be how much of Rolen's remaining $15MM the Jays would assume.
Meanwhile, Bastian (via Twitter) has a source saying all is quiet here.
1:39pm: A Ken Rosenthal/Jon Paul Morosi source says the Reds-Rolen talks are "going nowhere." The writers suggest a Halladay trade could help move things along.
12:34pm: No mention of Alonso from him, but Bob Elliott of the Toronto Sun tweets, "Looks like Rolen to Reds has a 'good chance' of getting done."
12:20pm: Joe McDonald of the Providence Journal says the Reds and Jays are talking about a Rolen-Yonder Alonso swap. Say what? Alonso, who signed on August 15th of last year, would have to be a player to be named later in the unlikely event he's dealt.
9:07am: The Blue Jays have many trade targets aside from Roy Halladay, so let's collect that information in one post.
Bob Elliott of the Toronto Sun says the Twins are still chasing shortstop Marco Scutaro, after Freddy Sanchez landed with the Giants. Elliott adds that the Reds "met last night to decide to come up with a package to land third baseman Scott Rolen."