According to ESPN's Buster Olney:
Geoff Jenkins remains unsigned and continues to work out in Arizona, preparing for his next opportunity, says Damon Lapa, his agent. "He definitely wants to play," said Lapa. "I just [think] he's being constructively selective." Jenkins, 34, was released by the Phillies near the end of spring training. He batted .246 last season, with nine homers, doing most of his damage against right-handed pitchers. With the Yankees having just lost Xavier Nady—possibly for the year—he might possibly be a fit for New York, although General Manager Brian Cashman might prefer a right-handed hitting outfielder to replace the right-handed hitting Nady; Jenkins bats left-handed.
Jenkins will probably cost around $400K to employ, with the Phillies on the hook for the rest of his $8MM salary this year. The Marlins and Reds were linked to him a few weeks ago, but it's been quiet lately. Jenkins hit .256/.313/.415 against right-handed pitching last year.