8:50pm: Jeff Gordon of the St. Louis Post-Dispatch says the signing of Reyes was a really big piece for the Cards and GM John Mozeliak came up huge again with a March deal. It reminds Gordon of the Kyle Lohse signing a year ago.
4:21pm: According to the AP, Reyes gets a two-year deal worth $3MM.
3:12pm: According to ESPN.com's Buster Olney, the Cardinals have agreed to a deal with lefty reliever Dennys Reyes. Reyes, 32 in April, held lefties to a .202/.250/.287 line last year in 101 plate appearances.
Since Reyes was a Type B free agent offered arbitration, the Twins will receive a supplemental draft pick for their loss (#46 overall).