Texas is not likely to reunite with the veteran left-hander.
The Rangers have spoken to the Blue Jays about left-handed reliever Darren Oliver, but industry sources said a trade is unlikely to happen.
Oliver may end up retiring rather than returning to Toronto.
If Oliver does end up returning in 2013, it will be at a higher salary than the standing $3 million agreement he has with Toronto. The veteran left-hander stated last week that he would not be willing to return unless he received a raise to match the current market value for late-inning relievers.
The 42-year-old Oliver pitched for the Rangers from 2010-2011, posting a stellar 2.40 ERA and 8.7 K/9 rate in 112⅔ innings in a home park widely known to be death to pitching numbers. Despite approaching and surpassing age 40, Oliver has been absolutely lights out the last five seasons, amassing a 2.52 ERA in over 300 innings in that span.