The July 31 trade deadline is rapidly approaching. The Yankees won’t stop winning. The Red Sox are running out of time.

Now sitting 11 games out of first place in the AL East — and three games back in the wild-card race — the Red Sox could be on the verge of making a much-needed move to have a chance at defending their World Series title, with MLB.com reporting Boston’s interest in acquiring Toronto closer Ken Giles or San Diego closer Kirby Yates.

After declining to bring back Craig Kimbrel, Boston is tied for the major league lead with 18 blown saves, and recently moved starter Nathan Eovaldi into the closer’s role despite him making only eight career appearances out of the bullpen.

Yates, 32, may be the best relief option on the market, holding a National League-best 31 saves, while posting a 1.05 ERA and 0.81 WHIP and recording 70 strikeouts in 43 innings. Giles, 28, recorded a career-best 34 saves while winning a World Series ring with the Astros in 2017, and is in the midst of perhaps the best season of his career, posting a 1.64 ERA and 1.06 WHIP, while converting 14 of 15 save opportunities for Toronto.

Eovaldi was remarkable in relief during the World Series, making three appearances against the Dodgers and allowing one earned run in eight innings.

Kimbrel, 31, was an All-Star in each of his three seasons in Boston, but had a disastrous postseason and watched his free agency drag into June before finally signing a three-year, $43 million deal with the Cubs. Kimbrel has struggled since arriving in Chicago and has a 5.19 ERA in nine appearances.