According to the Giannoulias campaign, the state treasurer updated Axelrod on the U.S. Senate race in Illinois and talked about "how to make sure this seat [Illinois' Senate seat] stays in Democratic hands."
Giannoulias' campaign manager, Tom Bowen, would not elaborate on the conversation.
Other Democrats running for Illinois' Senate seat include Chicago Urban League president Cheryle Jackson and David Hoffman, former Chicago inspector general.
The Associated Press contributed to this report.