Martin Perez

A ridiculous number of three and four-team trade scenarios have been discussed at the Winter Meetings, most of them seemingly involving Arizona's Justin Upton winding up with the Rangers. We'll track the latest on the discussions right here:

• The Upton talks aren't dead and never have been, an involved official tells Ken Rosenthal, but it doesn't have more legs than it did two weeks ago.
• Rangers GM Jon Daniels left the Winter Meetings without a deal, telling reporters including Jeff Wilson, "I would have guessed something would have happened here.  And I would have been wrong. It hasn't gotten to the point where something had fallen through that I thought was going to get done."

Earlier updates:

• The Rangers, D'Backs, and Rays are still at the Winter Meetings, working on an Upton blockbuster according to Rosenthal.  A friend of Rays top exec Andrew Friedman says that while Friedman has never done a three-way trade, he's determined to get one done.
• D'backs GM Kevin Towers made it clear that he seeks a shortstop he controls for more than two years, so it seems Elvis Andrus or Asdrubal Cabrera would not be sufficient, tweets Jim Bowden of SiriusXM and ESPN.
• Rosenthal has one possible outcome: Upton to the Rangers, a Rays starter to the D'Backs, and Mike Olt and other prospects to the Rays.  The scenario doesn't seem to satisfy the needs of the D'Backs and Rays, but we'll see.
• There's nothing close on the Upton front, Diamondbacks GM Kevin Towers told Bob Nightengale.
• Bowden adds (also via Twitter) that the Mariners' reasoning for being in these talks is to use their prospects to ensure that Upton lands with Texas, which will open the door for them to sign Josh Hamilton. The Mariners are reportedly in serious talks with Hamilton, who considers them his fallback should he not sign with Texas.
• Jim Bowden of ESPN and MLB Network Radio tweets that the Diamondbacks will not budge from their insistence that Andrus or Profar be included in a trade with the Rangers. As such, they're more likely to trade two young pitchers to the Indians to land Cabrera.
• The fourth team in some permutations of the blockbuster is the Mariners, reports Ken Rosenthal of FOX Sports.  One official in the talks sees them as the biggest roadblock, as they're unsure whether to move forward and surrender prospects.  A source tells Rosenthal the player the Mariners want most in these talks is Derek Holland of the Rangers.  Rosenthal says Rangers GM Jon Daniels is driving the trade, "feverishly trying to land" Upton.  In the end, the FOX writer says the four-team blockbuster "appears unlikely to happen."
• D'Backs GM Kevin Towers said today, "I've had more multi-team talks this year than ever before. In every discussion it seems three or four teams are involved."
• One scenario had Upton going to the Rangers, Cabrera to the D'Backs, and Martin Perez and more to the Indians, tweets Jon Heyman of CBS Sports.
• The Indians are pushing for the Diamondbacks to include Tyler Skaggs in a deal for Cabrera, tweets Jeff Passan of Yahoo! Sports. However, Arizona would prefer to move Trevor Bauer.
• Although the Diamondbacks like many of the Rangers' prospects, such as Mike Olt, Leury Garcia, and Cody Buckel, they continue to want Elvis Andrus or Jurickson Profar in return for Upton, tweets Passan. At this point, it seems more likely that the D-Backs would move Upton in a multi-team scenario that nets them Cabrera rather than trading straight-up with the Rangers.