4:46pm: Heyman says the Yankees won't "finalize" things with Ibanez and Chavez until after Burnett has passed his physical and the league has approved the trade (Twitter link).
8:00am: The Yankees are "intent" on acquiring two hitters and "remain focused" on Eric Chavez and Raul Ibanez, tweets Jon Heyman of CBSSports.com. The team's attention will turn to adding hitting depth once the rumored A.J. Burnett trade with the Pirates is finalized.
New York has long been known to be targeting one left-handed hitter as a part-time DH and bench bat, but moving Burnett would free up the payroll space for the Yankees to add even more depth. Ibanez would be limited to DH, pinch-hitting and only very occasional outfield appearances, but in Chavez, the Yankees would also have an infield option capable of spelling Alex Rodriguez at third base. The Bombers were already in serious talks with Ibanez as of last week.