4:29pm: Trumbo will be guaranteed less than $40MM in the deal, Ken Rosenthal of FOX Sports reports on Twitter.

4:20pm: The sides are nearing a deal, Heyman adds in another tweet. If completed, it’ll be for three years, Roch Kubatko of MASNsports.com tweets.

4:07pm: The sides are “making progress” in their talks, Heyman tweets.

3:54pm: The Orioles are “back in touch” with free-agent slugger Mark Trumbo, per Jon Heyman of Fan Rag (via Twitter). It’s not immediately apparent how serious talks are, but Heyman notes that there’s a possibility of a deal coming together.

Trumbo and the O’s were said to be in deep discussions about a deal to bring him back to Baltimore earlier in the winter. But the team pulled its offer — reported to be about either three or four years at around $14MM annually — when an agreement did not come together.

Now, it seems, the sides have picked up where they left off. Whether the O’s will still be willing to put as much cash on the table remains to be seen. Last winter, the organization circled back to Chris Davis and gave him a monster deal, though he was certainly also a unique case given his standing in the organization. But Baltimore may now also feel that Trumbo’s market demand isn’t as great.

Last we heard, teams like the Rockies and Rangers are also involved in Trumbo’s market, though it’s not clear to what extent. The 31-year-old is arguably the best remaining free agent, though demand is also impacted by the presence of a variety of other power hitters, and Trumbo’s top-tier slugging is offset by his limited on-base abilities and mediocre glovework in the outfield.

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