A’s are in on Stephen Drew, out on Jimmy Rollins

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7:50 p.m. EDT update: Apparently it was a false alarm. Drew exited the office and went to hit in the Diamondbacks’ indoor cage, MLB.com’s Steve Gilbert says.

7:35 p.m. EDT update:  The Arizona Republic’s Nick Piecoro reports that Stephen Drew was just called into manager Kirk Gibson’s office. It sounds like a trade may have gotten done.

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ESPN.com’s Buster Olney reported Monday that the A’s and Diamondbacks are still talking about Stephen Drew as Oakland looks to shore up in shortstop situation.

Danny Knobler of CBSSports.com said the A’s also took a glance at the Phillies’ Jimmy Rollins, but while Philadelphia wasn’t asking for a lot in return, salary was an issue. The A’s may have wanted the Phillies to pick up a portion of the approx. $26 million that Rollins is owed through 2014.

MLB.com’s Peter Gammons also chimed in on the A’s earlier in the day, saying the team backed off on Drew and on Toronto’s Yunel Escobar. The A’s also looked at San Diego’s Chase Headley as an upgrade at third base, but they refused to offer right-hander Daniel Straily, who could be added to their rotation next month.

The A’s could always wait until after the deadline to address shortstop. Both Drew and Rollins appear likely to clear waivers, meaning they’d still be eligible to be dealt. Escobar might as well, though his contract is pretty favorable.

Twins will not pick up Glen Perkin’s 2018 option

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The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.