Reds issued a statement denying the trade rumors and say they haven't talked to the whitesox since Thanksgiving.
Reds deny Bailey-for-Dye trade rumor | reds.com: News
On Sunday night, general manager Walt Jocketty categorically denied a report from the Dayton Daily News that young starter Homer Bailey was traded to the White Sox for outfielder Jermaine Dye. The story cited an anonymous source saying that the deal was done and would be announced by the end of the week.