Floyd, 30, who starred at Mount St. Joseph before being selected by the Philadelphia Phillies with the fourth overall pick in the 2001 amateur draft, underwent Tommy John surgery in May, when he also had a torn flexor tendon repaired.
His agent, Michael Moye, told MLBTradeRumors.com that Floyd has been throwing long toss at 180 feet and could begin a mound progression in early December with hopes that he can be ready by, or near, Opening Day.
An Orioles representative has periodically kept tabs on the progress of Floyd, whom they have liked since he was a Baltimore prep standout. The Orioles' interest, obviously, is tied to how healthy the club believes he can be in 2014 and beyond, one source said.
Floyd made just five starts last season (0-4 with a 5.18 ERA) for the Chicago White Sox before the surgery. But before 2013, Floyd had made at least 29 starts or more in his previous five full seasons with the White Sox.
In his career, the Maryland native and former Severna Park resident is 70-70 with a 4.48 ERA in 199 games (187 starts) spanning 10 seasons.