The New York Yankees are reportedly interested in signing former Boston Red Sox shortstop Stephen Drew to bolster their infield, which was labeled by one scout as the weakest among major league teams going into next season.

CBS Sports reported on Monday that the Yankees and Drew's agent, Scott Boras, discussed a potential deal over the past several days, but the two sides have yet to find common ground.

Sources said that the Yankees, who went on a spending spree this offseason, are "out of money" at this point.

"Yankees once again said they couldn't make an offer to top free-agent shortstop Stephen Drew. The Yankees and Drew's agent, Scott Boras, are said to have talked in the past couple days, but the main message for now apparently is that the Yankees are 'tapped out,' meaning out of money," CBS Sports writer Jon Heyman reported.

The Yankees went through a major roster shakeup this offseason after a disappointing 2013 Major League Baseball (MLB) season, committing $458 million in salary to sign big name free agents Masahiro Tanaka, Jacoby Ellsbury, Carlos Beltran and Brian McCann.

The 31-year-old shortstop, who batted .253 last season with 13 homeruns and 67 RBIs, was also linked to the Detroit Tigers, who are currently looking to acquire a shortstop after Jose Iglesias went down with stress fractures in both shins.

Boras recently revealed that one team offered a three-year deal worth $40 million, but the agent did not reveal if Drew is leaning towards accepting the offer.

The Detroit Free Press reported during the weekend that Drew is also now willing to accept a one-year deal worth $14 million.

Signing Drew to a one-year deal looks ideal for the Tigers since it won't affect Iglesias' long-term future with the team, but Fox Sports indicated that the Tigers are still unwilling to sign Drew at this current asking price.

"The Detroit Free Press reported Friday that Drew is willing to sign a one-year contract - which, at the right dollar figure, could make sense for both parties even after the deal for [Andrew] Romine. But for the time being, the Tigers shouldn't expect their owner to make another grand gesture in an effort to realize his dream," Fox Sports noted.