Red Sox and Blue Jays making progress in compensation talks regarding John Farrell

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We heard earlier this week that the Blue Jays were in negotiations to send manager John Farrell to the Red Sox and it appears the situation is getting close to a resolution.

Ken Rosenthal of FOXSports.com hears that the clubs are “making progress” in compensation talks. Assuming an agreement is eventually worked out, Farrell will be named the new manager of the Red Sox.

Farrell served as the pitching coach of the Red Sox from 2006-2010 before leaving for the Blue Jays manager gig. He only has one year left on his contract, but a baseball source told Joe McDonald and Gordon Edes of ESPNBoston.com that the Blue Jays would likely ask for a player of “substantial value” in order to give up their manager to a division rival.

While Farrell is reportedly the top choice for Boston’s vacant manager job, multiple candidates have interviewed over the past week, including Yankees bench coach Tony Pena, Dodgers third base coach Tim Wallach, Padres special assistant¬†Brad Ausmus, and Orioles third base coach DeMarlo Hale.