By Will Yoder
February 07, 2012

The Cincinnati Reds are currently in talks with free-agent starting pitcher Roy Oswalt, however it is believed that the St. Louis Cardinals and the Texas Rangers are still his first two choices, according to Fox Sports.

While initially looking for a multi-year-deal it is believed that Oswalt is now seeking a one-year deal in a similar mold to the one that Edwin Jackson signed with the Washington Nationals last week. The 34-year-old would reportedly like to pitch for a team with a shot at contending in 2012, but is also seeking between $8-10 million.

Oswalt had his option declined by the Philadelphia Phillies in October, making him a free-agent.  As a result, the three-time All-Star received a $2 million buyout instead of $16 million in salary over the course of 2012.

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