Ramirez and agent Scott Boras are currently meeting in Los Angeles with Dodgers owner Frank McCourt and the team's general manager, Ned Colletti, sources told ESPN.com's Jayson Stark.
After multiple failed attempts, Ramirez and the Dodgers agreed to general terms Tuesday on a two-year, $45 million deal, a source told Rojas. Another source told Stark that obstacles still remain to completing the contract.
Boras told ESPN.com's Jerry Crasnick that while he has been in daily contact with Dodgers general manager Ned Colletti, no agreement has been reached.
"We are in discussions and we have no deal in place,'' Boras said.
Boras would not elaborate further on the status of the talks.
Los Angeles announced last week that Boras had declined the team's fourth offer to the star outfielder -- a one-year, $25 million contract with a $20 million player option for 2010.
Information from ESPNdeportes.com's Enrique Rojas and ESPN.com's Jayson Stark and Jerry Crasnick contributed to this report.