"We have several options out there," Reagins said. "Lack's one of them. This hasn't changed from day one. We have engaged Lackey and his agent. We knew this would take time. It's part of the process. I'm not going to get into [a specific offer]. We're going to be creative and not narrow our focus in any area."
Free-agent right fielder/DH Vladimir Guerrero?
"He's in our thought process," Reagins said. "He's a talented player. That's going to be developing. He's going to see what options are out there for him. We feel good we see him as an option."
Free-agent left fielder Jason Bay?
"As far as productive conversations, that's new," Reagins said. "We haven't had a chance to sit down. Absolutely ... he's a guy we find appealing, and we'll see where it takes us."
Free-agent DH Hideki Matsui?
"He's a person that we talked about along with several others," Reagins said. "We have a player in Vladimir Guerrero who fits that same role. There's a lot of scenarios we can attack through free agency."
One door has closed with third baseman and leadoff catalyst Chone Figgins likely moving to Seattle to enrich the Mariners, an American League West rival.
"I'm not going to get into contract details," Reagins said. "That's between the players and the organization. We felt our offer was strong, fair and reasonable. You have to feel good about any offer you make.
"Every team is trying to get better. A lot of people say our division is a weaker division, but it's a very strong division. Teams are getting better, so we have to get better."
How they go about achieving that in the afterglow of three consecutive AL West titles and five in six seasons apparently is a complex matter, involving many variables.
One player not under consideration by the Angels is free-agent left fielder Matt Holliday. Owner Arte Moreno ruled him out about three weeks ago when, responding to a question, he identified Bay as a player of interest.
"We'll be busy," Reagins said. "We have a lot of concepts out there that we'll try to attack here and see where it takes us. We have some work to do."
As for replacing Figgins -- and Lackey, potentially -- Reagins feels the Angels' talent-rich organization can deliver quality athletes. Brandon Wood and Maicer Izturis are in line at third base, with the likes of Matt Palmer, Dustin Moseley, Sean O'Sullivan and Trevor Bell candidates for a starting role if Lackey exits.
"We have a good system," he said. "We have good internal candidates who can play [third]. Izturis and Wood are able to do multiple things. We feel we're in a good position in the infield.
"We have four real good starting pitchers and three candidates in that fifth spot. We feel good about where our rotation is now. We feel good about the five we have."
The Angels produced a franchise-record 883 runs in 2009, second in the Majors to the Yankees with a 5.5 per game average. They also carved club records in batting average (.285), average with runners in scoring position (.297), hits (1,604) and RBIs (841).
With Bobby Abreu returning to play right field, they're looking at replacing Figgins at the top of the order and perhaps Guerrero in the cleanup spot.
"We'll see how things fall together," Reagins said. "We have some things we're working on.
"It may carry into beyond [the Winter Meetings]. There's a chance something will get done this week."
Lyle Spencer is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.