Rangers prospect Mike Olt, a 23-year-old third baseman currently in Double-A, has had his name mentioned in trade rumors over the past 24 hours. ESPN's Buster Olney had him rumored in a potential trade for Arizona's Justin Upton, or a trade for Philadelphia's Cole Hamels.

Here's the skinny on Olt: He's 6 feet 2 inches tall, weighs 210 pounds, and was drafted 49th overall by Texas in 2010. He was recently ranked No. 11 on Baseball America's Midseason Top 50 Prospects List, and can hit for power while also playing above-average defense.

Here's what FanGraphs' Marc Hulet had to say about Olt back in January, when he ranked the Rangers' top-15 prospects, with Olt coming at No. 9:

Olt was one of a handful of interesting Rangers prospects that saw their ’11 seasons interrupted by injuries. ... After appearing in just 69 regular season games (where he posted an ISO rate of .238), the former U of Connecticut player posted a .415 ISO rate and slugged 13 home runs in 27 Arizona Fall League games. In the field, Olt plays an above-average third base and showcases a strong arm. With Adrian Beltre serving as a significant roadblock for the big league job at the hot corner, Olt could move to an outfield corner or possibly first base (where his arm would go to waste). Because of his success in the AFL, he will likely move up to double-A to begin 2012.

Olt did indeed start the 2012 season in Double-A, and, currently, his .977 OPS and 22 home runs are tops in the Texas League. 

In Hulet's mid-June prospect stock watch, he wrote that Olt is "ready to explode," and ready for Triple-A, despite his high strikeout rate (24.5%).  

Olt's got a future in Major League Baseball, with the Rangers or another club. He's projected to be a power-hitting, three-outcome slugger, who should hit 25 home runs a year. A plus defender, he'll lose some of his sheen as a prospect if he's forced to move to first base.

If the Rangers want to add Justin Upton or Cole Hamels, while holding on to their top prospect, shortstop Jurickson Profar, Olt will have to go.