According to Newsday's Jim Baumbach a friend of Pedro Martinez's says the righty still hopes to sign a deal with the Mets, though the Dodgers also appeal to him. This afternoon Jon Heyman reported that the Mets have offered Pedro a deal worth $1-2MM, so it appears Pedro can return if he's willing to lower his asking price.
Baumbach adds that Pedro isn't selling the house he owns on the New York-Connecticut border in case he can work out a return to the Mets. Last Tuesday, his return seemed unlikely, but a lot changes in a week.