For those of you who haven't read it yet, here's a link to Darrell Lovell's article on MLSsoccer.com. He expands a bit on what he's tweeted and also confirms that this is more along the lines of renewing talks.
It's more or less stuff we already knew, but the article at least puts it all up in one place where it's easy to follow. Dynamo Theory will have a little more information on Alex Lopez as the evening goes on.