Wed 11/9/11 4:46 PM

According to SI.com's Jon Heyman, the Phillies and Jimmy Rollins have engaged in "preliminary talks." Rollins is holding tight to his desire for a five-year deal. The Phillies are not expected to meet that asking price, but they'll remain on top of the negotiations that he's having with other teams before eventually making a competitive bid. Rollins is known to enjoy playing in Philly, but the veteran shortstop has one last chance to rake in a substantial free agent deal and is likely to chase the richest contract he can find.