There was some question as to whether they’d get involved in big free agent game hunting, but according to Ken Rosenthal they are: the Cubs are pursuing both Prince Fielder and Albert Pujols. Well, either/or. They wouldn’t sign both of them because that would be silly.
I think the why of it is more interesting than the mere fact of it: Rosenthal says the Cubs are worried that the changes to the draft in the new collective bargaining agreement — caps on bonuses and heavy penalties for exceeding them — are going to make it harder to build through the draft. That, combined with the fact that teams lock up elite sluggers way earlier now than they used to means that such beasts will be hard to come by going forward.
Such a thing makes sure things more desirable and, while there is a question as to the appropriate length of a Pujols or Fielder deal, there is little question that for the next few years, each will continue to be an elite slugger.
As for the Cubs, Rosenthal says that, despite the age difference, they’re somewhat more interested in Pujols because of his defense and conditioning and whatnot. Whether they actually step up to join the Cardinals and Marlins in bidding on El Hombre is an open question, however.