Bob Nightengale (USA Today Sports) has indicated that the Indians are currently discussing a trade for Todd Frazier with in-state rival Cincinnati.
Frazier is a right handed power hitting third baseman who has posted a slash line of .264 with 64 homers and 169 RBI over the last two seasons for the Reds. He also won the 2015 Home Run Derby.
It is uncertain how serious the talks are at the moment, or what he would cost. He is arbitration eligible after 2016, and will become a free agent following the 2017 season.
UPDATE: (3:33) Mark Sheldon of MLB.com does not see a match likely between the two clubs.