By PJ Rivera ( | First Posted: Oct 25, 2013 11:56 AM EDT

New York Yankees owner Hal Steinbrenner reportedly ordered a spending spree in the offseason and the club are setting their sights on pitchers Masahiro Tanaka and Oh Seung-Hwan. (Photo : Reuters)

The New York Yankees are reportedly high on Japanese pitcher Masahiro Tanaka--so high, apparently, that the club is ready to offer a lucrative offer to the 24-year-old right hander to fill the gap on their rotation.

But while most of the talks are centered on Tanaka, the Yankees are also interested in signing Korean pitcher Oh Seung-Hwan. The 31-year-old right handed Korean is expected to be on top of the Yankees' list of potential relief pitchers for next season.

According to a New York Post report, the 31-year-old Oh, who is a seven-time All-Star in the Korean Baseball Organization, has an impressive 94-96 mph fastball and has posted a 1.74 ERA and 28 games saved.

The Yankees are reportedly dead serious about improving their rotation for next season. According to Andrew Marchand of ESPN New York, the Yankees are planning to go on a $300-million spending spree in the offseason.

"The possible outlay of $300 million or more in total salary is similar to the number commonly associated with the winter of 2008-09, when the Yankees spent $423 million on CC Sabathia, Mark Teixeira and A.J. Burnett over the lives of their multiyear contracts," Marchand reported.

Aside from Tanaka and Oh, the Yankees are also reportedly looking to sign big-name free agents. John Heyman of CBS Sports reported that the Yankees are setting their sights on Brian McCann, Robinson Cano, Shin-Soo Choo, and Carlos Beltran.

"The Yankees will need to consider third base, shortstop, catcher and starting pitcher, with outfield a bit lower on their priority list. Though, the interest in Beltran-who they passed up years ago when he offered to come for about $98 million before he signed with the Mets for $119 million-and Choo suggests they are indeed at least considering it," Heyman reported.

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