3:27am: FOX Sports' Ken Rosenthal (who apparently doesn't sleep) tweets that the Rangers are "not at all" confident that they will be able to pry Garza away from the Cubs. Texas considers Chicago's asking price to be too steep.
10:06pm: The Cubs and Rangers are discussing a possible swap of Matt Garza for prospects, but aren't close to matching up yet, tweets Bruce Levine of ESPN Chicago. Danny Knobler of CBS Sports confirms (via Twitter) that the Rangers are trying to acquire the right-hander.
The Cubs are rumored to be seeking an "overwhelming offer" for Garza.
Steve Adams contributed to this post.