Outfielder Nick Castellanos "will obviously" opt out of the final two years of his contract with the Cincinnati Reds and hit free agency, per Jon Heyman of MLB Network.

Castellanos has at least $34 million remaining on his deal, including a $16 million salary in both 2022 and 2023 as well as a mutual option in 2024 that features a $2 million buyout. The Reds have "interest in retaining him," per Heyman, but it would likely take a larger deal to keep him under team control.

The 29-year-old earned his first career All-Star selection in 2021 while producing a .309 batting average, 34 home runs and a .939 OPS, all career highs in his ninth major league season.