2:55pm: Arroyo may have a clearer picture of where he's going to land by the end of the day today, a baseball source tells ESPN's Jerry Crasnick (Twitter link).

FRIDAY, 12:44pm: Jim Bowden of ESPN and MLB Network Radio tweets that Arroyo will end up signing with either the Dodgers or the Diamondbacks.

THURSDAY: Joel Sherman of the New York Post tweets that Arroyo's camp has lowered the asking price to the two-year, $22MM range, and the Orioles and Diamondbacks are "definitely pushing" for the veteran righty.

WEDNESDAY, 9:32pm: The D'Backs are "very serious" about signing Arroyo and are planning to meet with him, Nick Cafardo of the Boston Globe tweets.

2:11pm: The Diamondbacks, Dodgers, and Orioles are the three finalists to land free agent starter Bronson Arroyo, reports Bob Nightengale of USA Today (via Twitter). Among those clubs, the Diamondbacks are "slight favorites" to lock up the soon-to-be 37-year-old.

We heard recently that Arroyo had yet to receive a firm offer, but reported interest has never waned in the durable righty. Another recent report suggested that Arroyo has continued to ask clubs for a third guaranteed year. Arizona, a newer entrant to the chase for Arroyo, is said to be interested in a two-year pact.