Ruben Amaro Jr. said last month he will have a veteran closer in the Phillies' bullpen in 2012.

But which one?

There are multiple reports the Phils are close to a deal with Ryan Madson, who was the team's closer this season and has been in the organization since 1998. But a source said Wednesday morning no deal is in place, although talks are ongoing. The source also said the Phillies remain in talks with free-agent closer Jonathan Papelbon.

Philadelphia is prepared to move forward with either Madson or Papelbon.

Madson went 4-2 with a 2.37 ERA and 32 saves in 62 appearances this season. Papelbon went 4-1 with a 2.94 ERA and 31 saves in 63 appearances for the Red Sox.