The Philadelphia Phillies are reportedly considering trading closer Jonathan Papelbon -- either to the Toronto Blue Jays or the Chicago Cubs. Fox Sports is reporting the possible deal, stressing that no trade is imminent as all sides are still evaluating the situation.

The Phillies are identifying prospects they may want to acquire from Toronto or Chicago in exchange for Papelbon -- with the Phillies willing to pay most of the veteran's salary. Papelbon is owed $8 million in 2015 and $13 millon in 2016.

Earlier in the offseason, Papelbon, who has a limited no-trade clause in his contract, said that he’s willing to play for the Blue Jays. “I know some of the guys on their coaching staff. They’re a good team. If Ruben can do a deal with them, I’d be interested,” Papelbon said, referring to Phillies general manager Ruben Amaro Jr.

The 34-year-old Papelbon is a five-time MLB All-Star, making the squad from 2006 to 2009 and 2012. He won the World Series with the Boston Red Sox in 2007. For his career, he has a win-loss record of 36-29, 2.32 ERA, 750 strikeouts and 337 saves.