4:21pm: In a chat today, Joe Strauss of the St. Louis Post-Dispatch says he's been told the Cardinals are "not actively involved" on Valverde.
12:53pm: The Tigers are believed to have the biggest offer out to free agent reliever Jose Valverde, reports Jon Paul Morosi of FOX Sports. The sides are not close to a deal, however. Morosi adds that the Cubs are not interested, but the Cardinals "could emerge as a suitor." Just depends on if they want to put most of their $6-7MM in one basket, I'd say. Yahoo's Tim Brown tweets that Valverde has offers from the Tigers, Cardinals, and one other team.
Last night on Twitter, Jim Bowden had this to say:
[Tigers GM] Dave Dombrowski told me tonight they are focusing on the back end of the bullpen and did not deny an offer to Valverde and a willingness to lose their #1 pick.
MLBTR's Ben Nicholson-Smith ran through the draft picks that would be at stake in a post Sunday. The Tigers would surrender the #19 overall pick to the Astros, while the Cardinals would have to part with #25. Ben noted that the Red Sox have not been connected to Valverde but they'd only have to give up the #107 overall pick.