The 2026-27 MLB hot stove was lit just days after the Milwaukee Brewers hoisted the franchise's first World Series championship trophy.

All eyes this winter are on the free agency of two-time Cy Young winner Tarik Skubal. But he's not the only one who will make a splash in the market, with Freddy Peralta, Randy Arozarena, Seiya Suzuki and Michael King among the other free agents to watch.

Which teams will go big to contend for the 2027 World Series title? And who will make the trades and signings that have everyone buzzing?

Below is a running list of notable transactions and updates from throughout the MLB offseason.

More: Best fits for top free agents | Latest on Skubal

Notable offseason transactions

Nov. 2

Sources: Chicago Cubs decline $7.5 million option for pitcher Colin Rea.

Nov. 1

San Diego Padres decline options on Nick Pivetta, Lucas Giolito, Griffin Canning; exercise option on Hart.

Garrett Whitlock's $8.25 million option exercised by Boston Red Sox

Oct. 31

Tampa Bay Rays pick up $20 million option on ace pitcher Drew Rasmussen.

Oct. 29

Atlanta Braves exercise options on Ronald Acuña Jr., Ozzie Albies.

Seattle Mariners exercise Andrés Muñoz option, decline Victor Robles, Bryce Miller option.

Key offseason dates

Oct. 29: Players become free agents, trades open for players on 40-man rosters

Nov. 2: Deadline to exercise contract options, extend qualifying offers

Nov. 2 (5 p.m. ET): MLB free agents can begin signing with other teams

Nov. 10-12: MLB general manager meetings

Nov. 17-19: MLB owners meetings

Nov. 20: Non-tender deadline

Dec. 1: Current MLB collective bargaining agreement expires at 11:59 p.m. ET