The Pittsburgh Pirates and third baseman Pedro Alvarez are open to a contract extension, the Pittsburgh Post-Tribune reported Saturday.
Alvarez's agent, Scott Boras, said he is "open to the idea" and Pirates president Frank Coonelly agreed.
"Open minds often lead to common ground and, ultimately, to agreement," Coonelly said. "We also have an open mind on these issues and will continue to evaluate seriously the merits of a long-term agreement with Pedro, just like we do with all of our young players."
Alvarez's contract includes a $700,000 team option for next year but he may qualify for salary arbitration.
Alvarez is batting .200 with 10 home runs and 29 RBI through 47 games. He has also struck out 59 times in 160 at-bats.