The Chicago Cubs are keeping a close eye on the trade market as they continue their strong start to the season, and one name that keeps popping up is Milwaukee Brewers right-hander Freddy Peralta. But after a week of conflicting reports, what's the real story?

Let's set the stage: The Cubs are sitting pretty atop the National League Central with a 27-14 record, playing some of the best baseball in the league. Meanwhile, the New York Mets—with the second-highest payroll in baseball—are flirting with a 100-loss season. That makes the Mets prime candidates to sell at the trade deadline, and Peralta, who is on an expiring contract, is their most obvious trade chip.

Reports surfaced about a week ago that the Cubs had already reached out to the Mets about Peralta. But according to Robert Murray of FanSided, that's not quite accurate. "There was a report last week that the Cubs had checked in on Peralta, but that's not accurate," Murray wrote. "Chicago has checked in on others, though, and if the Mets continue to slide, Peralta becomes an obvious trade candidate."

So, the Cubs are doing their homework, but a Peralta deal isn't imminent—at least not yet. The timing makes sense: Peralta has a history with the Mets' president of baseball operations David Stearns from their time together in Milwaukee, but that loyalty only goes so far when a team is spiraling.

One wrinkle to watch: Peralta spent his entire career with the Brewers before being traded to the Mets. Would he be willing to join a division rival in Chicago? It's a minor concern, but one the Cubs will have to weigh if talks heat up.

For now, the Cubs are focused on their red-hot start and keeping their rotation strong. A move for Peralta would add a proven arm to a team already looking like a contender—but it's far from a done deal. Stay tuned.