10:11pm: Ray Ratto of the San Francisco Chronicle writes that the Giants want to wait until the corner outfield market is "more precisely defined" before pursuing Manny. He adds that the Giants are unlikely to enter a bidding war so they need more financial flexibility than usual from Boras.
10:45am: Buster Olney adds that rival executives have "major doubts" about the Giants' willingness to spend enough to sign Manny, especially in the midst of a recession. Olney points out that trading Randy Winn or Aaron Rowand to clear payroll would likely yield very little in the current market.
9:13am: Henry Schulman of the San Francisco Chronicle carefully summarizes the Giants' interest in Manny Ramirez to kick off the day's Manny rumors.
Schulman reminds us that the Giants have talked with Scott Boras about Manny and writes that this is "not another case of Boras just trying to drum up another suitor."
That said, their interest is far from "an all-out assault on Ramirez in a bid to get him." They're simply intrigued.
Like any team at this point in the year, the Giants are apparently considering other free agents and "trying to make trades." In other words, they're interested, but they have other options.