Reports emerged yesterday that the Padres and Rays were discussing a deal that would send outfielder Wil Myers to San Diego. Subsequent reports greatly expanded the possibilities of that deal, including multi-team concepts, different packages from San Diego, and spin-off deals. If you would like to catch up on the earlier rumors, follow the page break link.

Various reports have indicated that a deal is close but that multiple different permutations are still in play. Here’s the latest, from this morning on:

Jim Bowden of ESPN.com reports on Twitter that the deal is done, while Joel Sherman of the New York Post tweets that it is nearing the finish line. No draft choices will be moved in the deal, says Sherman.

The Rays are down to two possible scenarios, and are waiting to hear whether the Nationals are in or out, Topkin tweets. Regardless, Tampa is set to move Myers, Hanigan, and two lower-level minor league players. On its end, San Diego would send Rivera, Smith, and Bauers, as well as Ross and Turner. It appears that Tampa would either keep the latter two players or flip them to D.C. for Souza and an A-ball lefty. (Twitter links.) Turner, of course, was taken 13th overall in last year’s draft and would therefore need to be included as a player to be named later.

Lefty Jose Castillo is one of the other players that would move from Tampa, ESPN.com’s Keith Law hears (Twitter link). Since signing to a $1.55MM bonus, the 18-year-old Venezuelan has spent each of the last two years with the Rays’ Rookie league affiliate, mostly as a reliever. Kiley McDaniel of Fangraphs recently gave an update on Castillo in his Rays prospect breakdown, noting that the projectable hurler has a big fastball and has returned to health after sitting out much of 2014 with a tender arm.

is one of the other players that would move from Tampa, ESPN.com’s Keith Law hears (Twitter link). Since signing to a $1.55MM bonus, the 18-year-old Venezuelan has spent each of the last two years with the Rays’ Rookie league affiliate, mostly as a reliever. Kiley McDaniel of Fangraphs recently gave an update on Castillo in his Rays prospect breakdown, noting that the projectable hurler has a big fastball and has returned to health after sitting out much of 2014 with a tender arm. Another young lefty, Travis Ott, appears to be the final name in this potential scenario, according to a report from Rosenthal (Twitter links). Rosenthal cautions that this is not a final agreement, but the scenario a source outlined for him, and adds that competitive balance picks could also be a component. (The Padres have the fifth competitive balance Round A choice, which is currently the 41st overall choice.)

Earlier Updates

12:02am: A big deal is in the works between San Diego and Tampa, but it will not go through until the morning at the earliest, Jim Bowden of ESPN.com tweets.

YESTERDAY, 10:19pm: A Padres official says the club is “still working,” Dennis Lin of the San Diego Union-Tribune tweets.

8:40pm: Passan tweets that there’s a chance that the players acquired in a potential Myers deal could be flipped to another club. While the deal currently being discussed only involved Tampa and San Diego, he gets the sense that the situation could mirror the Dodgers’ acquisition of Andrew Heaney (who was, of course, flipped to the Angels just hours after being acquired). While Passan doesn’t specify, I’d imagine that the Padres are more apt to hang onto Myers than flip him.

Topkin tweets, however, that it’s possible that a third team is indeed in the mix, further complicating the picture.

7:12pm: Jeff Passan of Yahoo Sports tweets that there is “significant optimism” that a trade sending Myers to San Diego will be completed. A deal is said to be very close, according to Passan. Jon Heyman of CBS Sports hears the trade is “said to have a chance,” and he’s also heard Smith’s name as a potential component (Twitter link).

6:45pm: The Rays and Padres have discussed a number of possibilities, but nothing is close enough regarding Myers for a deal to get done tonight, reports Marc Topkin of the Tampa Bay Times (Twitter link). Bowden tweets that the Padres are not yet out on Upton either.

5:52pm: Jim Bowden of ESPN and MLB Network Radio tweets that Padres catching prospect Austin Hedges’ name has also come up in trade talks surrounding Myers.

5:48pm: The Rays have recently been inquiring about Padres farmhands Matt Wisler, Burch Smith and R.J. Alvarez recently, tweets SB Nation’s Chris Cotillo, who adds that the trio has likely come up in Myers trade talks.

4:56pm: The Padres and Rays are in discussion on a significant trade that would send Wil Myers to San Diego in exchange for some of the Padres’ better young prospects, reports Ken Rosenthal of FOX Sports (Twitter links). Rosenthal notes that it’s not certain whether a trade is particularly close at this time, but an acquisition of Myers would likely take the Padres out of the running for Atlanta’s Justin Upton.

San Diego GM A.J. Preller has taken a dogged approach to acquiring bats this offseason, casting a wide net and touching base on a number of players including Pablo Sandoval, Yasmany Tomas, Jay Bruce and Upton. Of course, Preller’s club has an agreement to acquire Matt Kemp from the division-rival Dodgers as well.

A deal for Myers may be more pragmatic than an acquisition of Upton, who is under team control for only the 2015 season at a not-insignificant price of $14.5MM. Myers, on the other hand, is under control for another five seasons. The 2013 American League Rookie of the Year missed much of the 2014 season with a broken wrist, which is a large part of the reason that he batted just .222/.294/.320 when on the field. However, when he was fully healthy a year prior, Myers posted an outstanding .293/.354/.478 triple-slash to go along with 13 homers in 373 plate appearances. He, of course, was the centerpiece of the blockbuster trade that sent James Shields and Wade Davis to Kansas City.