A look at the latest on the Twins..

The Twins have made a two-year offer to Mike Pelfrey , according to Jon Heyman of CBSSports.com. However, there's still a gap in salary that needs to be bridged. Pelfrey returned from Tommy John surgery in 2012 to post a 5.19 ERA with 6.0 K/9, 3.1 BB/9 and a career-low 43.2 percent ground-ball rate in 152 2/3 innings. Pelfrey's FIP (3.99) and xFIP (4.54) both suggest that his ERA could have been lower were it not for a .337 BABIP and 67.2 percent strand rate.

, according to Jon Heyman of CBSSports.com. However, there's still a gap in salary that needs to be bridged. Pelfrey returned from Tommy John surgery in 2012 to post a 5.19 ERA with 6.0 K/9, 3.1 BB/9 and a career-low 43.2 percent ground-ball rate in 152 2/3 innings. Pelfrey's FIP (3.99) and xFIP (4.54) both suggest that his ERA could have been lower were it not for a .337 BABIP and 67.2 percent strand rate. More from Heyman, who writes that the Twins have inquired on top starters like Ervin Santana and Ubaldo Jimenez as well as several others lower on the free agent list, including Phil Hughes and Scott Feldman . The club has been most heavily linked to guys like Bronson Arroyo , Ricky Nolasco , and Matt Garza to date. Minnesota starting pitchers combined for a league worst 5.26 ERA in 2013.

and as well as several others lower on the free agent list, including and . The club has been most heavily linked to guys like , , and to date. Minnesota starting pitchers combined for a league worst 5.26 ERA in 2013. Darren Wolfson of 1500 ESPN previews the Winter Meetings agenda for the Twins. Minnesota has Nolasco atop their free agent wish list, but they'll move on if it's not at the right price. They also like Arroyo and a source says he's seeking a three-year deal in the $27-$30MM range.

The Twins have told agents that they don't plan on sacrificing their second-round pick in June's amateur draft to sign a free agent, despite a public declaration stating otherwise, Wolfson writes. That would mean that Santana and Jimenez aren't in their plans. Santana's reps already have meetings set up with teams in Orlando and the Twins, as of this morning, are not on that list.

On the trade front, the Twins are fond of Homer Bailey , according to Wolfson. Wayne Krivsky, special assistant to GM, knows Bailey well from his days with the Reds. Krivsky took over as Cincinnati's GM two years after Bailey was drafted and was in that role when Bailey made his big league debut.

, according to Wolfson. Wayne Krivsky, special assistant to GM, knows Bailey well from his days with the Reds. Krivsky took over as Cincinnati's GM two years after Bailey was drafted and was in that role when Bailey made his big league debut. A Twins official "scoffed at" the idea of trading for Tigers right-hander Rick Porcello but was more receptive to the idea of a Jeremy Hellickson acquisition when asked by Wolfson about both each right-hander.