Sabathia, the premier starting pitcher in free agency, reportedly has been handed concrete offers by the Brewers, with whom he finished a dominant 2008 season, and the Yankees, whose six-year, $140 million proposal apparently has not drawn a response.
The prevailing view is that Sabathia would like to find a team closer to his Northern California home, whether it's the Angels and Dodgers or the Giants and Athletics.
Asked if Sabathia has a clear preference for the National League, where he can use his formidable bat, Reagins said: "I really don't know if that's accurate."
The Angels have an opening in their rotation with Jon Garland having declined their arbitration offer. If they don't make a move, they'll throw it open to a field that includes Dustin Moseley, Nick Adenhart, Shane Loux and Anthony Ortega, Reagins said.
Signing Sabathia would give the Angels a rotation with unmatched depth. John Lackey, Ervin Santana and Joe Saunders have been All-Stars, and Jered Weaver has the potential to be one.
If there is a Plan C after Teixeira and, presumably, Sabathia, Reagins isn't ready to identify it.
Manny Ramirez, another big name on the market, would supply the offense the Angels would lose if Teixeira elects to play on the East Coast, where the Red Sox, Yankees, Orioles and Nationals are known to have an active interest.
Ramirez is openly admired by Angels owner Arte Moreno, who has an affinity for the big move and the big deal.
"It's not a likely scenario," Reagins said of Ramirez, who is represented, like Teixeira, by Scott Boras.
In a sluggish market, quality players remain at virtually every position -- except first base, where there is a steep decline after Teixeira.
Among the free-agent outfielders who could draw the Angels' attention are Raul Ibanez, Adam Dunn, Pat Burrell and two players who graced manager Mike Scioscia's Angels roster -- Garret Anderson and Juan Rivera.