Update (9:55 EST):
Red Sox and Diamondbacks agree on a deal that would send Miley to Boston in exchange for Allen Webster, Rubby De La Rosa, and one other minor leaguer, according to Fox Sports' Ken Rosenthal.
After Jon Lester signed with the Chicago Cubs on Tuesday night, another left-handed starter has been drawing a significant amount of interest. According to Fox Sports' Jon Morosi, the Red Sox are interested in Arizona starter Wade Miley, and could be the favorite to the land the 28-year old if the Diamondbacks are open to trading him.
Several teams looking for controllable starting pitching have reportedly contacted the Diamondbacks with regard to Miley's availability. Both the Rangers and Marlins have been linked to Miley this offseason, and although Ken Rosenthal reported that both teams are out on him to this point, Bob Nightengale notes that both Miami and Texas are still involved in trade talks after the conversations with Boston stalled.
As of Tuesday night, the Diamondbacks were looking to receive young starting pitching in exchange for Miley, who posted a 4.34 ERA and 3.98 FIP in 201.1 innings pitched last season. Miley also struck out a career-high 183 hitters in 2014, and has been durable, tossing at least 190 innings each of the last three seasons. Boston is a fit because the club is looking for stability in the back end of its rotation.
Miley is arbitration eligible, and is under team control through the 2017 season. Although Morosi noted a deal between the Red Sox and Diamondbacks was close as of Wednesday afternoon, Arizona General Manager Dave Stewart told Chris Cotillo the club is "not talking to Boston."
Although several teams are interested and the return might be notably high with Lester off the market, Arizona may elect to keep Miley. Josh Collmenter has yet to spend an entire major league season in the rotation, Jeremy Hellickson is coming off of a pair of injuries, and lefty Robbie Ray has yet to have success at the major league level. If the Diamondbacks were to move Miley, the asking price may be high.