Steve Phillips of AOL Fanhouse reports that the Rangers have reached a one-year deal with reliever Arthur Rhodes.

The contract, according to Phillips, will also contain a vesting option for the 2012 season. The left-handed Rhodes posted a fantastic 2.29 ERA and 1.02 WHIP over 69 relief appearances for the Reds this past year and should do just as well as a left-handed specialist and setup man in Texas. The guy turned 41 on October 24, but he still has the goods.

According to Jon Heyman of SI.com, the Rangers "are in talks" to acquire free agent reliever Arthur Rhodes.

Rhodes expressed interest in returning to Cincinnati for another year and the Reds have said publicly that they want him back, but the two sides have not been able to agree on a contract. Now it appears as though Texas may swoop in and grab the 41-year-old reliever, who posted a stellar 2.29 ERA and 50/18 K/BB ratio over 55 innings this past season in Cincy.

The Reds are still working out a contract with Arthur Rhodes.

The two sides can't agree on Rhodes' exact worth, however. "We met with his agent again today," Reds GM Walt Jocketty said Wednesday at MLB's Winter Meetings. We made some progress but we're a ways a part." Rhodes, 41, posted a fantastic 2.29 ERA and 50/18 K/BB ratio over 55 innings in 2010.

Jayson Stark of ESPN.com writes that Arthur Rhodes is at the top of the Phillies' list of left-handed relief targets.

Rhodes, 41, posted a 2.29 ERA and 50/18 K/BB ratio over 55 innings this past season and earned his first All-Star nod in July. The Reds would like to keep him, of course, but since they declined to offer arbitration, multiple teams will be interested. Pedro Feliciano, a Type B free agent, is another possibility for the Fightins.

Reds GM Walt Jocketty spoke Tuesday with Arthur Rhodes' agent and came away optimistic about reaching a deal.

Rhodes posted a stellar 2.29 ERA over 69 relief appearances in 2010 for the Reds and is thought to be seeking a significant raise over the $2 million salary that he earned. Jocketty and Co. should be able to make that happen for the 41-year-old left-hander.

The Reds declined to offer arbitration to Arthur Rhodes.

It was reported earlier in the day that the Reds are expected to reach a deal soon with Rhodes, so the arbitration decision shouldn't amount to much. Rhodes is a due a raise from the $2 million that he earned in 2010 while posting a 2.29 ERA over 69 appearances. He has already told reporters that he wants to return to Cincinnati for his age 41 season and is likely to settle for a one-year contract worth around $3.5 million.

The Reds are expected to reach a deal soon with Arthur Rhodes.

Rhodes is a due a raise from the $2 million that he earned in 2010 while posting a 2.29 ERA over 69 relief appearances. He has already told reporters that he wants to return to Cincinnati for his age 41 season and is likely to settle for a one-year contract worth around $3.5 million.

Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer that the club has had some early discussions about a new contract with left-hander Arthur Rhodes.

The two sides plan to speak again next week. Rhodes, who turns 41 on Sunday, posted a 2.29 ERA and 50/18 K/BB ratio over 69 appearances with the Reds this season and also earned his first All-Star selection. For what it's worth, Fay believes he will be back with the Reds next season.

Arthur Rhodes said Monday that he would like to return to the Reds next season.

"I already told them that I want to come back, that I'd love to come back," said Rhodes. "I've had a wonderful time here. I've enjoyed myself. We'll see what happens in the offseason." Rhodes, who turns 41 later this month, posted a 2.29 ERA and 50/18 K/BB ratio over 69 appearances this season and earned his first All-Star nod in July. He was bothered by plantar fasciitis in his right foot for most of the season, but has no plans to undergo surgery. It's worth noting that the veteran left-hander projects to be a Type A free agent this winter. If the Reds offer him arbitration only to see him sign elsewhere, they would receive draft pick compensation.

Reds manager Dusty Baker said he hopes to get Arthur Rhodes (foot) some more work before the regular season is over.

"We need to get Arthur on the mound," said Baker. "We need to get him on the mound a couple of more times before we start here, to make sure he's sharp, but we have to protect that foot." Rhodes has been dealing with a sore right foot for most of the season -- and has been limited to just seven appearances this month -- but Baker said the veteran left-hander is getting some new orthotics and having some shoes specially made in order to deal with the pain. Rhodes and Aroldis Chapman are set to be the club's top two lefty arms out of the bullpen during the postseason.

Arthur Rhodes but is currently hobbled by a sore right foot.

"I just have to deal with it," who made his 25th consecutive scoreless appearance Monday against the Giants. "I don't know what it is. I'm getting tired of it." The injury didn't prevent him from pitching on Monday, but Reds manager Dusty Baker said he'll try to avoid using him whenever possible.

Should the Reds find themselves in a save situation Saturday, Arthur Rhodes will get the chance to close the game.

The Reds' normal closer, Francisco Cordero, has pitched in four consecutive games and needs a day off. Rhodes isn't worth adding for his closing abilities just yet, but remember this day if Cordero is even injured; we've now got a clue as to whom Dusty might use as his backup closer.