Source: Bolton eyes Tim Ream

Updated: January 6, 2012, 4:49 PM ET
By Leander Schaerlaeckens | ESPN.com

NEW YORK -- English Premier League club Bolton has made a formal transfer offer for New York Red Bulls and U.S. national team defender Tim Ream, a source told ESPN.com Friday.

The sides are close to an agreement, with the transfer fee likely worth somewhere between $2.5 million and $3 million, according to a source close to negotiations. Incentives for game appearances could inflate the final value of the deal.

"There's not such a big gap between the sides," the source said. "There's ...

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