According to Buster Olney:
The Yankees want Bobby Abreu, and the Phillies keep calling the Yankees and asking for top prospects; the Yankees’ executives will not trade pitcher Philip Hughes. If the Phillies’ priority is to dump salary, it appears Philadelphia will have to lower its demands in order to give itself a chance to move Abreu’s contract — and even then, it wouldn’t be a sure thing. Abreu must approve any deal.
Even if the Yanks don’t make a splashy move, it’s hard to imagine that they won’t make at least one small deal. So, what do you think is gunna happen?