Here is where we're at right now with Peavy rumors.

Trib says a deal is close.

Sun-Times says Jake Peavy wants to be a Cub. Really wants to be. Was seen singing "Go, Cubs, Go" in a Las Vegas bar recently.

It now seems like the Phillies would chip in two prospects for DeRosa, both going to the Padres. And that a three-team trade is more likely than a four-team trade.

As a reminder: liveblog will (hopefully) commence around 1:30.