The Los Angeles Dodgers remain active in trade discussions for Milwaukee Brewers right-hander Freddy Peralta despite spending over $300 million in free agency this winter, according to reports from The Athletic's Will Sammon and Ken Rosenthal. The back-to-back World Series champions recently signed closer Edwin Diaz and are finalizing Kyle Tucker's four-year, $240 million deal.

Peralta, a two-time All-Star entering his final season before free agency, posted a career-best 2.70 ERA across 33 starts for the National League Central champions. The 29-year-old represents one of the premier available starters on the trade market. He would provide valuable insurance for a rotation that battled significant health issues throughout 2025.

Blake Snell, Tyler Glasnow, Roki Sasaki, and Emmet Sheehan all landed on the injured list last season. Shohei Ohtani did not pitch until mid-June. Manager Dave Roberts suggested in December the team might deploy a six-man or hybrid rotation to manage workload concerns.

Milwaukee seeks major-league-ready pitching in any potential Peralta trade, per reports. Los Angeles possesses considerable depth with Gavin Stone, River Ryan, Ben Casparius, and Justin Wrobleski available for spot starts. The Dodgers also retain significant prospect capital after acquiring their top additions through free agency rather than trades.

Outfielder Ryan Ward has become expendable following the Tucker acquisition. The 27-year-old hit 36 home runs with a .290 average and .937 OPS in Triple-A last season. Bobby Miller, who struggled through two disappointing campaigns, also presents trade value despite his diminished stock.

Peralta will earn $8 million in 2026 and has logged 30-plus starts in three consecutive seasons. The Dodgers could potentially extend him with a more lucrative contract than Milwaukee can offer. The Brewers hold leverage and may retain their ace, especially with Chicago threatening the division after signing Alex Bregman.

Los Angeles will continue monitoring the situation as long as Milwaukee remains open to discussions.