Mark Reynolds is interested in coming back to the Orioles. The Orioles are interested in having him back—at the right price.

“I like Mark Reynolds. I like the effort he puts forth. The team didn’t like the price of the option,” Orioles executive vice president of baseball operations Dan Duquette said to CSNBaltimore.com.

The Orioles declined Reynolds’ $11 million option for next year and he remains under team control until at least Nov. 30. At that point, the Orioles will have to tender him a contract—or else lose him.

Reynolds and the Orioles could go to arbitration or try to work out a one year or even a multi-year deal.

“The team has the right to negotiate with him,” Duquette said.

“We like Mark Reynolds as a player.”

Duquette was pleased to exercise the $1 million option on Luis Ayala, who he signed before spring training. Ayala was an effective part of the bullpen.

“Luis had a good year,” Duquette said. ‘We thought it was a reasonable price.”

The Orioles can exclusively negotiate with players until Saturday. Two players the team might like to keep are Joe Saunders and Nate McLouth.

Duquette said he doesn’t expect to have any contracts completed between now and Saturday.

“My experience at this time of the year is that players have worked to get to the market and they generally want to test it,” he said.

In an e-mail, McLouth said that he very much enjoys playing in Baltimore, but wanted to keep his thoughts on contract negotiations private.