Update 5:37 ET: ESPN's Peter Gammons is reporting that the Reds have backed off on a potential deal for Rolen.
A few days ago it was reported that the Cincinnati Reds and Toronto Blue Jays were discussing a trade that would send Jays third baseman Scott Rolen to the Reds, and now today it appears those rumors are heating up.
Joe McDonald of the Providence journal is reporting that the Reds and Jays are discussing a deal that would send Rolen to the Reds in exchange for young first baseman Yonder Alonso.
Alonso was the Reds first round pick (7th overall) in the 2008 draft, and is currently ranked the teams' number one overall prospect, according to John Sickels of Minor League Ball. Sickels grades the former Miami Hurricane standout as a B+, and says that he loves his walk total and power.
Adding to the speculation, Bob Elliot of the Toronto Sun tweets "looks like this Rolen to Reds thing has a pretty good chance of getting done," however, Elliot makes no mention of Alonso.
We'll keep you posted on any new developments in this story, but as of now it looks like Rolen to the Reds is getting close.