8:24pm: Mulder has offers from "several" teams and has not yet decided who he'll sign with, agent Brian Charles tells Fletcher (via Twitter).
8:00pm: Mulder and the Angels have not yet agreed to terms, but if they do, it will be on a minor-league deal, Jeff Fletcher of the Orange County Register tweets.
5:17pm: The Angels appear to be the favorites to sign free-agent pitcher Mark Mulder, Nick Cafardo of the Boston Globe tweets. Cafardo reports that the Angels could soon sign Mulder to an incentive-laden contract.
Mulder, 36, is trying to make a comeback after retiring in 2010. He has not appeared in the Majors since 2008, and has only appeared in six games since 2006, having spent the last few years of his career struggling through shoulder injuries. He threw for three teams in November. Giants GM Brian Sabean recently said Mulder was looking for a big-league contract. Given his history, though, it would be surprising if he got one.