10:03pm: The Phillies “would include” young righty Adonis Medina in a deal for Machado, per MLB.com’s Jon Morosi. Medina, a top-100 prospect, is a player the Orioles have long been rumored to have interest in. If he’s in the package, it could make the Phils “well-positioned” to land Machado, writes Morosi, though surely there’s still time for other organizations to boost their offers as well.

3:55pm: The Orioles are getting “very close” to reaching an agreement on a Manny Machado trade, reports Roch Kubatko of MASNsports.com (via Twitter). However, despite a report of a “handshake agreement” between the Orioles and Phillies by Barstool Sports, Kubatko adds that there’s no deal between the two teams in place. To the contrary, Kubatko notes that both the Brewers and the Dodgers remain involved in the Machado market. Brittany Ghiroli of MLB.com agrees, tweeting that “numerous” sources tell her that rumors regarding an agreement with the Phillies are “untrue.”

To be sure, it’d be strange for any club, especially one in the Orioles’ position, to effectively close off bidding 36 hours in advance of completing a trade when a better offer could come floating in at any time. An arrangement of that nature would come with little in the form of precedent. The inevitable Machado trade will be a franchise-altering moment for the Orioles, and cutting off negotiations this far in advance would be a downright bizarre means of going about it. By agreeing to a delayed agreement, they’d leave no room for the Dodgers, Brewers or any other club — the Yankees, D-backs, Braves, Indians and others have been involved to varying extents — to top whatever is currently being offered by the Phillies.

That said, it’s true that the league generally frowns on news of this magnitude breaking during All-Star festivities. It’s certainly possible that both sides are optimistic about something coming together shortly after the All-Star Game, and none of this is to say that the Phils won’t ultimately come away as the “winners” of the Machado sweepstakes, so to speak. But for the time being, it’s only logical to assume that the bidding for Machado remains open as the the Orioles seek to extract the best possible package of young talent.

Regardless of where Machado ultimately lands, the timeline depicted this lengthy saga may indeed reach its end shortly after the All-Star Game. Reports over the past week have indicated that the O’s are loath to trade Machado prior to the Midsummer Classic, where he’ll represent them in Washington D.C. as the American League’s starting shortstop. Jim Bowden of The Athletic took matters a bit further this morning, tweeting that Machado is “expected to be traded” after Tuesday’s All-Star Game and before the regular season resumes play on Friday.

As one can imagine, the rumor cycle is beginning to wear on even Machado himself. Speaking to reporters during the media hour for today’s events, Machado said that if he is ultimately going to be traded, he “100 percent” hopes it is over with sooner rather than later (Twitter link via The Athletic’s Jayson Stark). “To not answer these questions anymore, that would be good,” said Machado. The infielder also once again acknowledged that he has “no say” in where he plays following a trade (Twitter link via Fancred’s Jon Heyman), but his preference in free agency will be to pursue opportunities where he’s able to play shortstop (Twitter link via Ghiroli).