Iglesias will reject the Angels' one-year, $18.4 million qualifying offer, Ken Rosenthal of The Athletic reports.
Iglesias expressed a desire to remain with the Angels in early October, but he's reportedly pursuing a multi-year deal in free agency. The righty converted 42 of 49 save chances and posted a 2.61 ERA and 0.92 WHIP in 93 innings with the Reds and Angels across the last two seasons.