O’s acquire left-hander Joe Saunders from the Diamondbacks for Matt Lindstrom and a PTBNL

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As first reported by CBS Sports’ Jon Heyman, the Orioles have acquired lefty starter Joe Saunders in a waiver trade from Arizona. Matt Lindstrom, a right-handed reliever, is headed to the Diamondbacks in return along with a player to be named later.

Saunders passed through waivers on Friday and was at that point eligible to be dealt to any team. The 31-year-old has posted a decent 4.22 ERA and 1.36 WHIP in 130 innings this season, but the D’Backs have a number of young arms in their system and did well to land a reliable setup man in their return package from the O’s.

Lindstrom, 32, registered a 2.72 ERA and 1.29 WHIP across 36 1/3 innings this year for Baltimore.

Saunders will be eligible for free agency this offseason. He’s earning $6 million in his final year of arbitration.