McCutchen, 31, is due to make $14.75 million in 2018 after the Pirates picked up his option in early November. He will be a free agent after the upcoming season.
The MLB.com report indicated that the Giants are reluctant to part with highly regarded prospects, as their December deal to acquire third baseman Evan Longoria from the Tampa Bay Rays forced them to part with young infielder Christian Arroyo.
McCutchen is a possible fallback option for San Francisco after a deal with the Miami Marlins to acquire right fielder Giancarlo Stanton was vetoed by the slugger. McCutchen belted 28 homers in 2017, a total he topped only once in his career, when he hit 31 in 2012, the year he captured the National League's Most Valuable Player Award.
According to reports, Arrieta was on the radar of at least six teams, but ESPN reported Thursday that the Cubs are making a renewed push to bring back the 31-year-old veteran.
Arrieta's agent, Scott Boras, is looking for a contract that puts the right-handed ace among the highest-paid players in baseball: six or seven years, $200 million. The Texas Rangers, Philadelphia Phillies, Washington Nationals and Milwaukee Brewers also met with Boras, according to ESPN.
--While the prospect toll would be significant, the Atlanta Braves reportedly are weighing making an offer to the Marlins for outfielder Christian Yelich and catcher J.T. Realmuto.
According to multiple reports, the deal is not imminent and will be steered by the Marlins' demands for top-level prospects.
Yelich would come at a steep price. He is a highly rated defender and as close to a five-tool player as the Marlins have in the organization because of his speed, range and throwing arm. Yelich is under team control for five seasons, making him a very good fit for the rebuilding Braves. Realmuto, under team control for three more seasons, could boost the Braves on offense and defense.
--Former major league infielder and longtime coach Rob Picciolo died Wednesday at age 64. The cause of death was not disclosed.
Picciolo spent nine seasons as a player with the Oakland Athletics, Milwaukee Brewers and the then-California Angels. He batted .234 with 17 homers in 731 big-league games from 1977-85. Picciolo subsequently was a coach with the San Diego Padres and the Angels.
--Field Level Media