As the possibility of a Nolan Arenado trade continues to heat up, the Yankees are back as potential suitors for the Cardinals' third baseman. On Tuesday, John Denton, of MLB's official website, confirmed the news from sources.

Previously, the Yankees appeared to have given up on trading the 34-year-old former Golden Glove third baseman after negotiations with the Cardinals failed to reach a deal last December. However, MLB.com's Mark Feinsand said on MLB Network on Monday that the Yankees have once again begun to "probe" the possibility of a trade for Arenado.

According to Denton, the Yankees' success in bringing in Arenal could depend on the Cardinals' willingness to take on the "significant" portion of Arenaldo's remaining $64 million contract and whether the Yankees can find a third-party team willing to take over Marcus Stroman's contract.

Given these factors, the Yankees are not currently seen as the frontrunners for Arenado. Instead, their rivals, the Red Sox, seem to be the most likely team to make a deal. However, Denton revealedWith the Boston Red Sox successfully signed for 3 years and $120 millionAlex Bregman, which could open the door for the Yankees to be the first to finalize a deal for Arenado.