A number of formulas have been put before commissioner Bud Selig which tackle currency-adjustments schemes to help bridge the gap between it and US teams.
Last season, faced with a similar dilemma, the club was awarded a one-off $5m payment.
Said Rob Godfrey, spokesman for the Blue Jays: "The League has been extremely helpful and we are looking to hear from them before opening day."
Major League Baseball's Toronto Blue Jays are locked in talks with league chiefs to identify a way to help it overcome the financial handicap of a weak Canadian dollar.
