Hot Stove Tracker
"We kept going last night and again this morning in discussions," Williams said. "We very much have active talks ongoing."
In the process of rebuilding their roster, the Reds made it clear they would listen to any trade proposal for their players. The club is seeking prospects in return, especially position players.
On Monday, the Reds were close to trading All-Star closer Aroldis Chapman to the Dodgers for two prospects that were not revealed. But the deal was never closed once a report of alleged domestic violence about Chapman surfaced on Monday night that consumed most of the chatter around the Opryland Hotel.
With no choice other than to move on, Cincinnati engaged in trade talks with other clubs. Interest appeared to heat up about third baseman Todd Frazier, and MLB.com confirmed there were talks with at least two clubs in the White Sox and Indians. But seeking a lot of talent in return, Jocketty noted that his club was "underwhelmed" by the offers made for their various players.
Rule 5 activity
In the Major League phase, Cincinnati selected outfielder Jake Cave from the Yankees' Triple-A roster and left-handed reliever Chris O'Grady from the Angels' Triple-A roster. In the Triple-A phase, the Reds also picked right-handed pitcher Ariel Hernandez from the D-backs' system, and Pin-Chieh Chen, a second baseman from the Cubs' system.
The Reds have often used the Winter Meetings as an opportunity to initiate talks that ultimately lead to a trade. Players like Shin-Soo Choo (Indians) and Mat Latos (Padres) were acquired in past years in the days or weeks following the Winter Meetings.
Plenty, but the Chapman situation will be closely watched over the next few weeks. Any potential trade is likely on hold until the completion of an investigation under MLB's new domestic violence policy. If Chapman receives discipline that includes a lengthy suspension, it could mean he remains with the Reds. Even if he isn't suspended, teams might be inclined to back off because of the incident. One team that had interest in Chapman this offseason, the Astros, instead acquired closer Ken Giles from the Phillies.
GM's bottom line
"It's like trying to get a report card grade after the first week of school. You're part of the way through the offseason. The end game is to start the season with a roster you're comfortable with and a payroll situation you're comfortable with. Sometimes it takes the whole offseason to get there." -- Williams, on whether he was disappointed on not completing any deals this week
Mark Sheldon is a reporter for MLB.com. Read his blog, Mark My Word, follow him on Twitter @m_sheldon and Facebook and listen to his podcast. This story was not subject to the approval of Major League Baseball or its clubs.