The Blue Jays and slugger Jose Bautista appear to be on the verge of reaching an agreement on a long-term contract.

The club has scheduled a news conference for 5 p.m. ET on Thursday that will air on MLB.com, live from Florida Auto Exchange Stadium. The latest development comes just one day after multiple online reports indicated that Bautista was close to signing a five-year contract worth $65 million.

Toronto officials would not specify whether the news conference was about Bautista, but all signs indicate the club will officially announce a long-term contract extension for the Dominican native.

Full details and watch the press conference here.