The team said Friday morning they will announce if an agreement is "completed and finalized" with the Yankees star. The statement came in response to an ESPN report Friday morning that Cano and the Mariners had reached agreement on a $240 million, 10-year contract pending a physical.
Cano's reported deal would be one of the largest in baseball history and a coup for a franchise that's gone a dozen years since making the postseason. It would bring creditability for the Mariners after striking out in the past in their pursuits of big free agents like Prince Fielder and Josh Hamilton.
Cano is a five-time All-Star second baseman for the Yankees.