8:45pm: One of the proposals is believed to be Andres Torres and Ramon Ramirez for Angel Pagan, tweets Baggarly. That would match up with the two-for-one rumors we heard earlier about the Mets.
8:42pm: The Giants are "far down the road" on two trade proposals and GM Brian Sabean thinks the team may make a move tonight, according to Andrew Baggarly of the San Jose Mercury News (on Twitter). The proposed moves don't involve Jed Lowrie, Carlos Quentin, or Martin Prado, three names that have surfaced in recent trade rumors, adds Baggarly.
With rumors swirling that the Mets are also close to making a deal for a reliever, and the Giants said to be entertaining offers for Ramon Ramirez, it's possible the Mets could be on the other end of one of San Francisco's two proposals. That's my own speculation, however.