UPDATE: Phillies exploring deal for Oswalt, moving Werth?

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UPDATE: According to Ken Rosenthal of FOXSports.com, Phillies general manager Ruben Amaro said he is not close to a trade. In addition, Rosenthal reports that the Diamondbacks Astros, A’s are not close to a trade, either. In other words, it’s probably safe to go to bed now.

10:55 PM:
Stark hears that the Phillies have spent “a lot of time” exploring a deal for Oswalt.

10:41 PM: Things are about to get very interesting.

According to Jayson Stark of ESPN.com, the Phillies are currently working on a “major deal” for a starting pitcher. But as always with the Fightins, that’s not all. According to Stark, they would then move Jayson Werth in “a companion trade.”

ESPN’s Buster Olney hears the same thing and floats Roy Oswalt as a possible fit.

Oswalt fits in a lot of ways. They could make the
dollars work by moving Jayson Werth’s contract — and they’d have Oswalt
for 2011.

Oswalt, who turns 33 in August, is set to earn $16 million next season and either $16 million in 2012 or a $2 million buyout in 2012.

I’m guessing that this could be a way to get top prospect Domonic Brown up to the big leagues. The 22-year-old outfielder opened play Tuesday batting .360/.383/.560 with four home runs and 16 RBI over his first 75 at-bats with Triple-A Lehigh Valley.

Stay tuned.

Report: Dexter Fowler will take a physical in St. Louis on Friday

CLEVELAND, OH - NOVEMBER 02:  Dexter Fowler #24 of the Chicago Cubs reacts after lining out during the third inning against the Cleveland Indians in Game Seven of the 2016 World Series at Progressive Field on November 2, 2016 in Cleveland, Ohio.  (Photo by Ezra Shaw/Getty Images)
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Update (8:51 PM EST): The deal is in place, according to Heyman.

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Update (8:27 PM EST): Derrick Goold of the St. Louis Post-Dispatch reports that the Cardinals made an “over-the-top offer” to Fowler to ensure he’d sign.

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Frank Cusumano of KSDK Sports reports that free agent outfielder will take a physical in St. Louis on Friday. Presumably, that means that Fowler and the Cardinals have gotten pretty far along in negotiations.

Jon Heyman of FanRag Sports recently reported that Fowler was looking for $18 million per year. The Blue Jays reportedly made an offer to Fowler in the four-year, $16 million range several days ago. The Cardinals’ offer to Fowler, if there is indeed one, is likely somewhere between the two figures.

Fowler, 30, is coming off of a fantastic year in which he helped the Cubs win their first World Series since 1908. During the regular season, he hit .276/.393/.447 with 13 home runs, 48 RBI, 84 runs scored, and 13 stolen bases in 551 plate appearances.

Fowler rejected the Cubs’ $17.2 million qualifying offer last month. While the QO compensation negatively affected Fowler’s experience in free agency last offseason — he didn’t sign until late February with the Cubs — his strong season is expected to make QO compensation much less of an issue.

Braves acquire Luke Jackson from the Rangers

ARLINGTON, TX - SEPTEMBER 16:  Relief pitcher Luke Jackson #53 of the Texas Rangers  throws during the ninth inning of a baseball game against the Houston Astros at Globe Life Park on September 16, 2015 in Arlington, Texas. Texas won 14-3. (Photo by Brandon Wade/Getty Images)
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Tommy Stokke of RanRag Sports reports that the Braves and Rangers agreed to a trade. According to ESPN’s Keith Law, the Braves will receive pitcher Luke Jackson from the Rangers in exchange for pitchers Tyrell Jenkins and Brady Feigl.

Jackson, 25, is under team control through 2022. He has logged only 18 innings in the majors, yielding 14 runs on 22 hits and eight walks with three strikeouts. While Jackson has struggled with control, the Braves likely see upside because his fastball sits in the mid- to high-90’s.

Jenkins, 24, is also under team control through 2022. The right-hander made eight starts and six relief appearances in his first major league season in 2016, putting up a 5.88 ERA with a 26/33 K/BB ratio over 52 innings.

Feigl, 25, was an undrafted free agent and was signed by the Braves in 2013. The lefty underwent Tommy John surgery in 2015 and briefly rehabbed in rookie ball this past season.