Jim Peltz at the Los Angeles Times reported Monday night that Dodgers pitcher Chad Billingsley and the team have reached a tentative agreement on a three-year contract extension worth at least $30 million.

Meanwhile, Tony Jackson at ESPN LA reported that despite multiple sources confirming the deal, Billingsley refused to confirm it.

"We're talking, yeah,"' Billingsley said. "[But] nothing is done, and nothing is signed.''

Jackson's sources claim the deal is for more than $30 million through 2014 with a possible option for 2015.

Billingsley, 26, was eligible for arbitration for the second time. He was paid $3.85 million in 2010. He and the Dodgers avoided a salary arbitration hearing in January when Billingsley signed a one-year, $6.275-million contract.

Billingsley was 12-11 with a 3.57 earned-run average in 2010 and enters 2011 with a career record of 59-41 and a 3.55 ERA. He was a first-round pick of the Dodgers in 1993 and says he "love what this organization stands for."

Keep an eye on negotiations with Dodger blog True Blue LA.