The free-agent market is open for business, and all 30 Major League Baseball teams will be looking to improve their rosters in preparation for the 2014 season.
As is the case every year, there are high-profile names at every position, so the bidding will be fierce for a number of star-caliber talents up for grabs this winter.
Seeing as there's been little movement thus far, here's a look at the latest buzz surrounding some of the most coveted commodities on the market.
Yankees looking to add at least one big name
After a disappointing season, the Yankees are expected to be trying to secure at least one high-profile addition this summer, but how many and which ones remain to be seen.
Will the Yankees sign Brian McCann?
They'll obviously be among the front-runners in the bidding of Brian McCann, but beyond him, according to the New York Post's George A. King III, New York has a variety of options if they can't sign the star catcher.
Also on the Yankees’ radar is Cardinals outfielder Carlos Beltran, Reds outfielder Shin-Soo Choo and Indians pitcher Ubaldo Jimenez.
And they will be serious players for Japan’s Masahiro Tanaka, easily the premier pitcher that will be on the market, once MLB and Nippon Pro Baseball agree on a new posting system.
Given the number of older stars the Yankees have accumulated in recent years, Beltran seems like the least likely target, even after the slugger's standout performance in 2013.
The two players that make the most sense for New York if the team misses on McCann are Jimenez and Tanaka, as both pitchers would provide the Yankees with upgrades on the mound.
As is the case with McCann, the competition for Tanaka will be fierce, but as CBS Sports reported, the team is going to do everything it can to sign the heralded Japanese star, and he's apparently the team's biggest priority behind re-signing Robinson Cano.
Nolasco to Minnesota?
As one of the most touted pitchers up for bidding this winter, Ricky Nolasco will certainly draw attention from a number of different teams, and according to Darren Wolfson of ESPN1500 (via Brandon Warne), that will include the Minnesota Twins.
The report states that the Twins "have expressed interest in right-handed starters Ubaldo Jimenez and Ricky Nolasco, as well as lefty Jason Vargas." But Tom Schreier of Yahoo! Sports believes that Nolasco should be Minnesota's top priority.
It won't be an addition that comes cheap, as Nolasco is said to be looking for a deal worth upward of $80 million, but given that the crop of starting pitchers is on the lighter side this winter, he'll probably get somewhere close to that figure over five years.
He's been a consistent starter for the last eight years, with 10 wins in each of his full MLB seasons, so he'd be a valuable addition to virtually any starting rotation.
The Twins will be on the market for a pitcher, so expect Minnesota to be in the running to get Nolasco, especially if Ervin Santana goes elsewhere.
Boston eyes Beltran
Coming off a stunning turnaround in 2013 that culminated in a World Series victory, it looks the Boston Red Sox will have to re-tool a bit this winter if they have any intention of repeating.
That's because as of now, it looks like there's a very good chance that Jacoby Ellsbury will be looking for a contract too rich for Boston's taste.
Mike Axisa of CBS Sports believes Beltran would be a good fit for the Red Sox lineup.
He fits the Red Sox mold as a hitter who works deep counts, fouls off a bunch of pitches and hits for power. As a bonus, he's a switch-hitter and his generation's best postseason hitter. There is no concern about him in a pressure-packed market like Boston.
Beltran's performance during the 2013 playoffs certainly proved that the eight-time All-Star has more than enough left in the tank to be a valuable contributor on a legitimate contender.
The Red Sox are an organization that values clutch players heavily, and that's only one reason why Beltran would be a sensible signing for Boston.