The Toronto Blue Jays can still sign Cody Bellinger.
The only problem with Toronto executing a move like that with the New York Yankees outfielder is that the incumbent Yankees and New York Mets are the main competition. They swung and missed on Kyle Tucker, who went from the Chicago Cubs to the Los Angeles Dodgers. Less than a day later, they lost Bo Bichette to the Mets.
There is hope that Bellinger can be acquired. If the Blue Jays are in on Bellinger, one of the top MLB insiders hasn’t been kept in the loop. Which begs the question: Do the Blue Jays actually want to sign Bellinger?
Mets & Yankees Fighting Over Cody Bellinger, Not the Blue Jays
Former MLB general manager Jim Bowden spoke on Foul Territory on January 19th, 2026. During that episode, he shared what he knows about the Bellinger situation.
“They don’t have a panic pivot like the Mets did,” Bowden revealed of the Yankees’ plans outside of Bellinger. “When the Mets lost out on Tucker, they did the panic pivot, and they overpaid Bo Bichette by $17 million a year. It’s likely that Bellinger goes back (to the Yankees). I do not believe there is a team in baseball that has offered Cody Bellinger seven years. I don’t believe the Mets are in, outside of a short-term AAV on him.”
“Toronto is not in on him. The Dodgers are not in on him. I don’t know of another team right now besides the two New York teams that are in on Bellinger.”
Bellinger recorded 29 home runs, 98 RBIs, 160 hits, and 13 stolen bases in 2025. The Yankees have offered a five-year, $155 million to $160 million contract to Bellinger, according to The Athletic.
Additionally, according to Bowden, “Cody Bellinger is mulling over multiple offers from multiple teams and is expected to make a decision shortly.”
Blue Jays Haven’t Appeared ‘Particularly Interested’
It’s clear that Bellinger is the top remaining free agent in this winter’s crop. But are the Blue Jays really not interested in him?
According to Mitch Bannon of The Athletic, the Blue Jays could use a lefty bat to slot into left field. Bellinger fits that mold to a tee.
“Cody Bellinger certainly fits the mold of a significant upgrade,” Bannon wrote on January 20th, 2026. “Coming off a year in which he hit 29 homers with 4.9 WAR, Bellinger would supply Toronto with a top-of-the-order lefty bat and can man the outfield in 2026 and beyond.”
However, Bannon points out that there hasn’t been any chatter surrounding Toronto and Bellinger.
“The Jays haven’t appeared particularly interested in the 29-year-old free agent this winter,” Bannon wrote. “It seems unlikely the Jays will suddenly become intrigued enough to beat the Yankees’ current offer. The free-agent market thins out quickly after Bellinger, making the trade market the next avenue for a sizeable addition.”
On the free agent market, Eugenio Suarez is still available. However, he is an infielder, a position where they have plenty of players ready to fill a role.
Bannon suggests that Brendan Donovan, Alec Burleson, and Lars Nootbaar could be helpful additions. He also points out that they would not be significant upgrades over what the Blue Jays currently have.
The Blue Jays won’t be truly out on Bellinger until he actually signs with a team. However, with multiple reports suggesting otherwise, the chances of Toronto coming out of free agency with Bellinger in tow are slim.
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