FRIDAY: Bell is staying put, according to Jon Heyman of SI.com (on Twitter).

WEDNESDAY: The Giants have been awarded the waiver claim on Padres closer Heath Bell, tweets ESPN's Buster Olney. Olney expects the Giants' level of concern with closer Brian Wilson's elbow to be a factor in the ensuing trade talks. If the teams cannot reach an agreement, the Padres can pull Bell back, but then won't be able to trade him elsewhere. A trade is unlikely, hears Dan Hayes of the North County Times.

Though Bell projects as a Type A free agent, National League non-contenders elected not to claim the righty with an eye on draft pick compensation. With the Padres at least, Bell has said he'd accept an arbitration offer.

Bell, 33, has a 2.55 ERA, 6.8 K/9, 3.2 BB/9, 0.34 HR/9, and 43.2% groundball rate on the season. He has $1.44MM remaining on his contract.

The two division rivals last struck a deal in July of 2003, when the Giants traded Clay Hensley and cash to the Padres for Matt Herges. Before that, they hadn't made a deal since '92.