The agent for Roy Oswalt says his client is only looking for a one-year deal so he can have a chance to show he is healthy and then try free agency again next year.
Oswalt, 34, would be willing to talk about coming to the Bronx, if the Yankees would oblige.
"He'd be interested," Oswalt's agent, Bob Garber, told ESPNNewYork.com.
At this point, there is no evidence that the feeling is mutual. Garber and Yankees GM Brian Cashman have not spoken in weeks.
The Yankees have concerns about Oswalt's back, and earlier this winter a source told ESPNNewYork.com's Wallace Matthews the Yankees weren't going to go after Oswalt.
Even with Oswalt's demands lowered, a source on Tuesday reiterated that stance to ESPNNewYork.com on Tuesday.
Oswalt went 9-10 with a 3.69 ERA last season for the Phillies. If healthy, he could be a legit No. 2 starter. Although he will cost more and will demand a major league contract, there are some similarities between him and Yankee reclamation projects Freddy Garcia and Bartolo Colon last season.
ESPN.com's Jerry Crasnick first reported that Oswalt had lowered his demands to just a one-year deal. Garber confirmed the report.