The acquisition of Cameron would give the Yankees a veteran center fielder to hold the position until prospect Austin Jackson is ready for the big leagues.
Cabrera had been seen as the Yankees' center fielder of the future. But he hit .249 with eight home runs and 37 RBIs in 129 games last season before being demoted to Triple A in mid-August.
Cameron hit .243 with 25 HRs and 70 RBIs in 120 games last season in Milwaukee. He missed the first 25 games of the season due to a suspension for violating baseball's banned substances policy.