The Boston Red Sox are ready to deal and they want to see an ace.
"They would love to get it wrapped up before the winter meetings [beginning Dec. 7]," the source said, according to the newspaper.
A source told ESPNBoston.com reporter Gordon Edes that there is "nothing" to the timing and urgency mentioned in the report.
The consensus among baseball people is that new Blue Jays general manager Alex Anthopoulos will get the deal he wants this winter, and if not, he will wait until the trading deadline in July.
Anthopoulos declined comment Wednesday.
Halladay's name was mentioned prominently in relation to the Red Sox at the trade deadline last summer when the Jays said they were shopping the right-hander, but no deal could be worked out and he stayed put.
The six-time All-Star went 17-10 with a 2.79 ERA and 208 strikeouts in 2009, but the Jays finished 75-87 and a whopping 28 games behind the first-place Yankees.
Halladay, who has pitched his entire 12-year career with Toronto, has expressed a desire to win. The Red Sox, Yankees, and Angels have all been mentioned prominently as possible suitors for the 2003 Cy Young Award winner.
It's a given the Red Sox's interest in Halladay has diminished little since the summer, when all of their offers were rejected by then-general manager J.P. Ricciardi.