Agent Scott Boras has been doubling back to prospective buyers for Holliday, according to ESPN.com's Buster Olney, but the slugging left fielder's most recent club -- the Cardinals -- remains the most logical fit.
The Orioles, looking to make an impact in the loaded American League East, surfaced recently as a possible destination for Holliday.
Boras' asking price in at least one conversation, Olney reports, was $18 million annually.
On Wednesday, multiple online reports indicated the Cardinals made an offer to Holliday that was over $100 million and, according to one report on FOX Sports, approached eight years and $140 million.
The Yankees and Giants have given every indication they're not in a Holliday frame of mind, joining the Angels in that regard.
Holliday batted .353 with 13 home runs and 55 RBIs in the final 63 games of the 2009 regular season after being traded from the Athletics.
His situation is almost identical to that of Mark Teixeira -- another Boras client -- last winter, when the first baseman was coming off a similar performance for the Angels after getting dealt by the Braves. But the field was more crowded, and the Yankees were in it all the way with Teixeira, landing him for eight years and $180 million.
Lyle Spencer is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.