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Is an Arenado-to-St. Louis trade in the works?

Thursday night, Ken Rosenthal reported that the Rockies and Cardinals have begun discussing a trade centered on Nolan Arenado:

According to Rosenthal, “No deal appears close, and the other players who might be involved are not known.” He notes that Arenado would likely waive his no-trade clause and perhaps decline his opt-out after the 2021 season.

Currently, the Rockies owe Arenado $199 million over the next six seasons. Rosenthal also reported that the Braves have inquired about an Arenado trade, but nothing appears to be happening on that front.