From FoxSports:

The Reds are pushing for Haren as well as Bedard, apparently believing that they could acquire such a pitcher without including outfielder Jay Bruce in the deal. A package centered around Homer Bailey and Joey Votto might not be enough, but the Reds’ reluctance to part with Bruce is understandable. One rival G.M. says Bruce could be another Larry Walker . . .

This deal I’d do, assuming I could get him signed to an extension…it solidifies the rotation (Haren for Bailey), yet you will still have the need for another starter. Losing Votto would leave a sizable hole at 1B for the foreseeable future, unless they try the Dunn experiment again with more success.