(CBS) The Joe Girardi-to-the-Cubs dream could soon become more than just a dream.

Theo Epstein and the Cubs are reportedly willing to pay big bucks to get the manager they feel will bring them to a competitive level.

Gordon Wittenmyer of the Chicago Sun-Times cites “multiple sources” who say the Cubs are prepared to make Girardi – the Peoria native and current New York Yankees manager – one of the two highest-paid managers in the game.

From Wittenmyer: “The Cubs and Girardi have expressed mutual interest through back channels for weeks, according to sources. And Girardi has been the ownership favorite two of the last three times the managerial job was open, under Tribune ownership (when Lou Piniella got the job) and Ricketts ownership (when Mike Quade was hired).”

Girardi’s contract with the Yankees expires at the end of the month. The team reportedly offered him a contract extension Wednesday.