Per USA Today's Bob Nightengale, the Orioles said Thursday that "unless someone drastically changes their offer" Machado will remain with the team.
The Orioles' stance comes one day after Jon Heyman of FanRag Sports reported they were outlining a scenario for Machado similar to what the Atlanta Braves did with Jason Heyward after the 2014 season.
"Atlanta received top young pitcher Shelby Miller in that trade for Heyward before sending Miller to Arizona a year later in an even more-remembered trade for Dansby Swanson and Ender Inciarte," Heyman wrote.
A three-time All-Star, Machado is eligible for free agency after next season. He's coming off a down season with a .259/.310/.471 slash line, but the 25-year-old hit over 30 home runs for the third consecutive year.