Pitcher Homer Bailey is one of two Reds players eligible for arbitration, with closer Aroldis Chapman being the other. But Bailey is the one who can be a free agent after the 2014 season.

His agent, Casey Close, and Reds GM Walt Jocketty have been engaged in talks about a multi-year deal throughout the winter.

"There is [interest], but it has to be something that works out for both ends," Bailey said on Sunday before a Reds Caravan event at Great American Ball Park.