Third baseman Rafael Devers and the Boston Red Sox reportedly agreed to a one-year, $17.5 million contract Tuesday

The one-year agreement avoids arbitration, and they can still have discussions about a long-term extension, according to ESPN.

The 26-year-old is set to become a free agent at the end of the 2023 MLB season. 

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Boston Red Sox third baseman Rafael Devers reaches third base after hitting a triple against the Colorado Rockies during a game Aug. 28, 2019, at Coors Field in Denver, Colo.   ( Dustin Bradford/Icon Sportswire via Getty Images)

The Red Sox retain Devers for at least another season after they recently lost All-Star shortstop Xander Bogaerts, slugger J.D. Martinez and pitcher Nathan Eovaldi in free agency.

The organization has some motivation to keep the young star in Boston for the foreseeable future. Devers hit .295/.358/.521 with 27 home runs and 88 RBIs last season.

He hit 139 homers over his first six big league seasons.

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Boston did bolster its bullpen this offseason with the signings of relievers Kenley Jansen, Chris Martin and Joely Rodriguez. The Red Sox bullpen had a 4.59 ERA last season, which was fifth-worst in MLB.

The Red Sox also recently added outfielder Masataka Yoshida and infielder Justin Turner to the roster.

Boston Red Sox third baseman Rafael Devers (11) hits a triple against the Colorado Rockies during a game Aug. 28, 2019, at Coors Field in Denver, Colo.  (Dustin Bradford/Icon Sportswire via Getty Images)

Devers, starting pitcher Chris Sale, relievers Matt Barnes and Ryan Brasier are the last remaining holdovers from Boston's 2018 World Series championship team.

Rafael Devers of the Boston Red Sox watches his RBI single against the Tampa Bay Rays during a game Sept. 5, 2022, in St. Petersburg, Fla. The Sox have agreed to a one-year contract with the two-time All-Star that avoided salary arbitration. (WHD Photo/Scott Audette, File)

Boston's lineup will be anchored by Devers in 2023. He joined the big league club during the 2017 season, when the team was in the middle of a pennant race.

Japanese rookie Yoshida, Kiké Hernández, and Alex Verdugo are also expected to be key contributors next season.

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Boston is coming off a disappointing 78-84 season and finished in last place in the American League East.