Bregman and Arenado are reportedly waiting for each other's decisions regarding potential trades, which is contributing to a sluggish infield market.

As Major League Baseball's offseason approaches the holiday season, activity is expected to slow down, yet teams continue to make last-minute transactions.

The New York Yankees, having failed to re-sign outfielder Juan Soto, are actively seeking to fill the gap through trades and signings.

In a bid to bolster their roster, the Yankees recently traded for Cody Bellinger and secured a deal with All-Star first baseman Paul Goldschmidt.

Arenado, who has three years left on his contract, may consider waiving his no-trade clause if the Yankees sign Goldschmidt.

The Cardinals have recently declined trade offers from the Yankees that would have involved Arenado and pitcher Marcus Stroman, as well as a proposal from the Astros that required St. Louis to pay down part of Arenado's contract.

In addition to their recent acquisitions, New York has also signed pitcher Max Fried to a historic contract and brought in closer Devin Williams.

Goldschmidt, who is also attracting interest from the New York Mets and other teams, is coming off a season where he posted a .245 batting average with 22 home runs.

Arenado is among several veterans from the St. Louis Cardinals available for trade, including closer Ryan Helsley and pitchers Erick Fedde and Steven Matz.

While it remains uncertain if Nolan Arenado would accept a trade to New York due to his no-trade clause, his friendship with Goldschmidt might play a role in his decision.

With Alex Bregman likely out of the picture, acquiring Arenado may be the Yankees' best option for upgrading at third base.

Other notable free-agent first basemen include Pete Alonso and Carlos Santana, following Christian Walker's recent signing with the Astros.