Rangers general manager Jon Daniels said Sunday night during a hastily called conference call that the team has looked into trade possibilities but remains hopeful Young will remain in Texas.
"Our desire is for Michael to play third base," Daniels said. "Obviously though, he's got to buy into what we're doing."
The Rangers would like to move Young to third to make room for highly touted prospect Elvis Andrus at shortstop. The 20-year-old Andrus came to Texas in July 2007 in the trade that sent Mark Teixeira to Atlanta.
Daniels said he and manager Ron Washington met with the 32-year-old Young last month about the direction of the team and moving to third base.
"Reluctant, reluctant," Daniels said, describing Young's reaction. "He explained to us that he's worked extremely hard to make himself a shortstop. Obviously in 2004, he volunteered to move from second base to shortstop. That kind of shows the team-first character that has been a stable of his personality and really has made himself an outstanding player."
Daniels said he hasn't spoken to Young since before New Year's Day, but has had conversations with the player's agent.
Young has been selected to the All-Star team as a shortstop every season since, and last year earned his first AL Gold Glove award.
He is a career .300 hitter, though his streak of five consecutive 200-hit seasons was snapped in 2008 when he was hampered by a fractured right ring finger the last two months of the season. He was the AL batting champion in 2005 when he hit .331.
Young next season begins the five-year, $80 million contract extension he signed during spring training in 2007 that prevented him from becoming a free agent. Young is due about $62 million over the next five seasons since some of the money was paid as a signing bonus and more is deferred.
That contract was second-largest in team history, behind only the $252 million, 10-year contract Rodriguez got in December 2000.
Young, a minor leaguer when traded from Toronto to Texas in 2000, is the Rangers' longest-tenured player. He played in two games that season and then 106 as a rookie in 2001.