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12/07/08 10:46 PM EST

Reds deny Bailey-for-Dye trade rumor

General manager Jocketty refutes report from Dayton Daily News

LAS VEGAS -- Trade rumors are a staple of Winter Meetings activity, and the Reds have shot down their first big rumor of the week.

On Sunday night, general manager Walt Jocketty categorically denied a report from the Dayton Daily News that young starter Homer Bailey was traded to the White Sox for outfielder Jermaine Dye. The story cited an anonymous source saying that the deal was done and would be announced by the end of the week.

"Wrong. It's not even close," Jocketty said.

There have been talks between the Reds and White Sox involving Dye, but they are not active.

"We haven't had any discussions with the White Sox since before Thanksgiving," Jocketty said.

The Reds' top priority during the Meetings is to acquire a right-handed hitter and run producer. Dye, who is right-handed, batted .292 with 34 home runs, 96 RBIs and a .344 on-base percentage last season. The 35-year-old will make $11.5 million in 2009 and has a $12 million mutual option for 2010.

Bailey, 22, remains one of the Reds' top pitching prospects despite a rough 2008 season. He was 4-7 with 4.77 ERA in 19 starts at Triple-A Louisville and 0-6 with a 7.93 ERA in eight big league starts.

Mark Sheldon is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.