4:01pm: Things are "moving fast" on the Victorino front, with the Sox in a good position to finalize a deal, says ESPN.com's Jerry Crasnick (Twitter link). Gordon Edes of ESPNBoston.com adds (on Twitter) that nothing is done yet, but that it's getting close. Victorino has at least one four-year offer from a different team, notes Jon Heyman of CBS Sports.

3:25pm: Ken Rosenthal of FOX Sports clarifies (via Twitter) that the exact terms of the Red Sox offer are three years at $37.5MM. There's optimism that the two sides will get a deal done at that price, says Cafardo (via Twitter).

3:09pm: The Red Sox are the frontrunners on Victorino, having offered a three-year deal worth $38MM, according to Nick Cafardo of the Boston Globe (via Twitter).

3:02pm: There are two teams "fully engaged" in talks with Victorino, including the Indians, tweets Bob Nightengale of USA Today. It's not clear whether the other club involved is the Red Sox or the aforementioned "mystery team."

2:27pm: Victorino appears to have narrowed his options to three teams, tweets Jon Heyman of CBSSports.com. The Indians and Red Sox remain in the mix, along with a third club. That third suitor isn't a true "mystery team," says Heyman — it's just unknown to him.

12:02pm: Momentum is building in talks for free agent outfielder Shane Victorino, according to ESPN.com's Jerry Crasnick, who tweets that a deal could be finalized during the Winter Meetings. Crasnick reports (via Twitter) that the Indians have emerged as a "prime suitor" for Victorino, with manager Terry Francona reaching out personally to the Flyin' Hawaiian earlier in the offseason.

Besides the Indians, other teams checking in on Victorino include the Red Sox, Cubs, and Yankees, says Crasnick (Twitter link). The Braves and Reds don't appear to be engaged in discussions, and the Phillies' interest is "tepid," according to the ESPN.com scribe.

Crasnick adds in a final tweet that Angel Pagan's and B.J. Upton's deals appear to be helping Victorino, who should be in line for a three- or four-year contract. Upton earned a five-year, $75MM deal from the Braves, while Pagan agreed to a four-year, $40MM contract with the Giants yesterday.