6:54pm: The two sides spoke today and are moving closer to a deal, reports Jeff Caplan of ESPN Dallas. "I'm optimistic we're in the process of getting something done shortly," said Ryan.
8:24am: Jon Daniels and Rangers president Nolan Ryan are expected to meet today to discuss an extension for the GM, according to Evan Grant of the Dallas Morning News. The deal is a priority for Ryan and the sides could arrive at an agreement as soon as today, according to Grant.
Daniels led the Rangers to the World Series last year after signing Vladimir Guerrero, trading for Cliff Lee, moving C.J. Wilson to the rotation and seeing young players like Elvis Andrus and Neftali Feliz emerge as regulars. For a more complete look at Daniels' work, click through to MLBTR's Transaction Tracker.
The Rangers are interested in exploring extensions for a number of their players, as well.