4:42pm: The Rangers and Dodgers have emerged as the likely favorites to land Hamels, multiple sources tell Jayson Stark of ESPN.com. The Phillies continue to discuss Hamels with at least four other teams – the Cubs, Yankees, Giants and Red Sox – but those teams don’t match up as well as Los Angeles or Texas, according to a source who spoke with Stark. Sources also told Stark they would be surprised if a trade was completed before Tuesday.

3:13pm: The Yankees are exploring deals for all of the major available starting pitchers, but they’re not inclined to move top prospects or take on lots of salary to acquire Hamels, Joel Sherman of the New York Post tweets.

12:10pm: The Phillies and Rangers remain in dialogue about a Hamels trade, but nothing is “close” at this time, Jon Paul Morosi of FOX Sports (on Twitter) hears from sources.

9:52am: “Industry sentiment” has the Rangers as the favorites for Hamels, Jeff Passan of Yahoo Sports tweets. Texas has long-term motivation for acquiring Hamels, the prospects necessary to swing a deal, and the hurler can’t block a trade to the Rangers.

9:48am: Momentum is building towards a Cole Hamels trade, Ken Rosenthal of FOX Sports tweets. Offers for the Phillies ace have improved since Hamels’ no-hitter and teams are now asking for less money and offering better players, sources tell Rosenthal.

At this time, Rosenthal hears (link) that the five teams with the most recent interest in Hamels (in no particular order) are the Cubs, Dodgers, Rangers, Yankees, and Giants. The Red Sox, who are eager to win in 2016, have been connected to Hamels, but they are absent from Rosenthal’s top five.

On Saturday, Rosenthal and Jon Paul Morosi reported that the Yankees have asked about Hamels, but their interest does not appear to be much more than due diligence at this time. The Astros also scouted Hamels’ Saturday start and while they were undoubtedly impressed with his performance, they are not amongst the top five teams according to Rosenthal.