The Red Sox are making progress with Mike Napoli and should have him signed by next week, CBS Sports reported on Wednesday.

Napoli agreed to terms on a three-year, $39 million deal in early December. The deal broke down when Napoli came to Boston for a physical and the Sox had concerns about a hip injury. The sides have been working since on new terms.

Red Sox GM Ben Cherington has said for several weeks that he was hopeful of getting a deal done.

The team has been exploring trades for a lefthanded hitting first baseman/outfielder to complement Napoli and new outfielder Jonny Gomes.