10:30pm: After talking to Rangers officials, MLB.com's T.R. Sullivan writes, "There appears to be some mutual interest on both sides, but nothing is remotely imminent."
6:52pm: Enrique Rojas of ESPN Deportes reports that the two sides are close to agreeing to a deal (link in Spanish). An agreement "appears imminent" according to one of Rojas' sources, while another tells him it will "probably" be a five-year contract with an option for 2016.
3:14pm: While the two sides have no deal in place, the Rangers remain in contact with Adrian Beltre, writes Jon Paul Morosi of FOX Sports. Morosi and Evan Grant of the Dallas Morning News (Twitter link) have both shot down a report out of the Dominican Republic earlier today that said the Rangers had signed Beltre to a six-year deal.
With Michael Young, Elvis Andrus, and Ian Kinsler all entrenched in the Texas infield, it would seem an unlikely match at first. However, the Rangers had some discussions at the Winter Meetings about sending Young to multiple teams, and this is far from the first time we've seen them linked to Beltre. Young could also be shifted into a designated hitter role in the event of a Beltre signing.
As WEEI.com's Alex Speier points out, Texas landing Beltre would represent a best case scenario for the Red Sox, as the Rangers' first round pick is unprotected, while other suitors such as the A's and Angels would only net Boston a second-round selection. In a poll just before New Year's, 11.55% of the near-12,000 MLBTR readers who voted thought Beltre would land in Texas.
According to Morosi, Scott Boras is seeking a five-year deal worth at least $85MM for his client, which is on par with ESPN's Buster Olney's take in late December. Despite ongoing discussions with the Rangers, Morosi says the Angels are still viewed as the favorite to land Beltre.