Tracy Ringolsby of FOX Sports is reporting that free-agent catcher Miguel Olivo and the Rockies "are attempting to work out final details" on a deal that would make Olivo the new backup in Colorado, behind Chris Iannetta.

Olivo hit .249/.292/.490 in 416 plate appearances with Kansas City last season, leading the Royals with 23 home runs. It wouldn't be a surprise to see Olivo earn regular playing time in Colorado given that Iannetta ended up losing the starting job to Yorvit Torrealba down the stretch last season (though, to be fair, Iannetta posted an .804 OPS himself in 2009 and is the clear incumbent given his new contract).

Should Olivo sign with Colorado, it would close the door on any chance of Torrealba re-signing with his former club. Torrealba and the Rockies were in talks earlier this winter, but apparently couldn't close the gap on a $400K difference between Torrealba's demands and what the Rockies wanted to pay him.