It was reported last night by many major news sources that Cuban outfielder Jorge Soler, one of the most-coveted free agents left in baseball, had agreed to terms with the Chicago Cubs.

Now David Kaplan of CSN Chicago reports that this is not the case, and that Soler has not agreed in principle to any contract with the Cubs or any other major league team.

In fact, ESPN's Buster Olney tweeted earlier that the New York Yankees have serious interest in the 19-year-old.

The Yankees and Cubs seem to be the two major players in the quest to sign the 6'3", 200-pound outfielder. He projects as a five-tool player and is seven years younger than fellow Cuban outfielder Yoenis Cespedes.

Soler, once cleared to be an official free agent by the MLB, looks to be ready for spring training. It might be a few years before he is ready to play at the big league level though.

Whether he signs with the Cubs or Yankees, Soler will start out in the minors in 2012, but he has star potential down the road.