6:43pm: The Newark Star-Ledger's Brian Costa tweets that "A Mets official denies ESPN report that team has looked into bringing back Pedro Martinez."
3:43pm: ESPN's Jayson Stark reports that the Mets have looked into bringing Pedro Martinez back to Flushing, and are "continuing to kick around the idea internally." One official with a club who had interest in Pedro said he's looking to exceed Brad Penny's deal, which means one year and $7.5MM guaranteed.
The 38-year-old Pedro earned about $1.5MM with incentives in 2009, when he made nine starts with a 3.63 ERA for the Phillies. He's looking to play a full season in 2010.