The Yankees and Pirates are reportedly "nowhere" near a deal that would be centered around RHP Gerrit Cole, according to reporter Bob Klapisch.
New York and Pittsburgh have been engaged in trade talks for weeks, and the Yankees have been interested in acquiring Cole since last year's trade deadline, however while both sides had previously expressed confidence a deal could be completed, according to Yahoo! Sports' Jeff Passan, talks have cooled.
The Pirates had reportedly asked the Yankees about top infield prospect Gleyber Torres, however the Yankees had reportedly preferred 23-year-old outfielder Clint Frazier being the centerpiece of the trade. New York likely would have needed to trade another prospect as well in a deal, whether it be third baseman Miguel Andujar or RHP Chance Adams.
Cole, a 27-year-old former No. 1 pick who is eligible for free agency in 2020, was one of several options the Yankees had considered to bolster their rotation, which currently features Luis Severino, Sonny Gray, Masahiro Tanaka, CC Sabathia and Jordan Montgomery.
New York has also been rumored to be interested in Tigers RHP Michael Fulmer, Diamondbacks LHP Patrick Corbin, Rays RHP Chris Archer, free-agent RHP Alex Cobb and free-agent RHP Yu Darvish.
Cole, who opted to attend UCLA after the Yankees drafted him 28th overall in 2008, has been with the Pirates since 2011. Last year, he went 12-12 with a 4.26 ERA in 33 starts, and he is 59-42 with a 3.50 ERA since making his debut in 2013. An All-Star in 2015, Cole will go through the arbitration process this offseason to determine his 2018 salary. He earned $3.75 million last season.