Minnesota has been uncharacteristically aggressive on the free agent market, already landing Ricky Nolasco (four years, $49MM) and Phil Hughes (three years, $24MM) to shore up a rotation that posted an MLB-worst 5.26 ERA and 4.9 K/9 in 2013. Previous reports have indicated that despite being shipped off by the Twins years ago in a trade for Delmon Young, Garza would be open to returning to the team that drafted him.
The Twins' interest in Arroyo has been ongoing, and they're currently in the mix for the veteran innings eater along with the Reds and Mets. The Pirates are said to have dropped out of the Arroyo market, but the Reds could be preparing an offer. We've also heard of their interest in a reunion with Pelfrey a number of times, and they've reportedly extended an offer in the two-year, $10MM range that Pelfrey and agent Scott Boras have declined.
Minnesota's connection to Colon is new and would seem to be a dificult fit, as the aging Colon likely would prefer to sign with a team that's more likely to contend in 2013. However, the Twins could try to sell Colon on the fact that his addition would give them a fairly competitive rotation, or they could guarantee Colon a second year if other teams are reluctant to do so.