Although Homer Bailey’s arbitration hearing is scheduled for next week, the right-hander and the Reds are still talking about a multi-year extension.

“Honestly, we haven’t really talked one-year that much, it’s been primarily multi-year,” Bailey said on Friday.

Bailey can become a free agent after the 2014 season and is still without a contract for the upcoming season. The two sides are scheduled to go to arbitration on Feb. 20. The two sides can still work out a one-year deal before the arbitration hearing starts — last year Mat Latos agreed to a deal after the Reds had entered the hearing room. Bailey asked for $11.6 million this season, while the Reds offered $8.7. If their case goes to arbitration — and the Reds haven’t gone to arbitration since 2004 — the arbiter picks one side or another, there is no middle ground.