From The Denver Post:

The Rockies contacted the agent for Loretta, who tore up the National League West while with the San Diego Padres. However, the Rockies don't like their chances, believing he will end up with the Yankees. While that deal is close, Loretta has made it known how much he likes the Rockies and would prefer to see how their second base situation plays out before signing with the Yankees.

Loretta, who will be 36 on opening day, is attractive because of his versatility (he's played 194 more or more games at each of the infield positions - 780 at 2B, 400 at SS, 195 at 1B and 194 at 3B) and the fact that he's far from a liability on offense. Last year, with the Astros, he hit .287 with a .352 OBA and .372 SLG. His career numbers are .298/.362/.399. No power, but a guy who puts the ball in play and gets on base.

Via Jim Johnson via Buster Olney.