Both teams continued to target Peavy as the general managers' meetings concluded Thursday, and the Padres' discussions with the Cubs could be expanded to include a third team, according to major-league sources.

The Braves' package includes shortstop Yunel Escobar, either left-hander Jo-Jo Reyes or right-hander Charlie Morton and a third player, believed to be a top prospect, sources said.

The details of the Cubs' proposal are not known and likely are fluid. The Padres could spin one or more of the players they would receive from the Cubs to get additional pieces from another team, sources said.

The Braves' edge over the Cubs is that Escobar already is an established major leaguer, while Reyes or Morton also could help the Padres next season. The Cubs' better young players are in the lower minors.

If the Cubs acquired Peavy, their rotation immediately would be considered one of the game's best, particularly if they also re-signed free-agent right-hander Ryan Dempster to go with righties Carlos Zambrano and Rich Harden and left-hander Ted Lilly.