3:14pm: Fay has more on the trade. The Reds will have a pool of young players to choose from, and will have until October 15 to make a decision. They can also receive cash instead of taking a player from the pool. Fay also has comments from Weathers about the move.
2:27pm: John Fay reports that the Brewers have acquired David Weathers from the Reds for a player-to-be-named. We'll keep you updated as things develop. Tom Haudricourt confirms, via Twitter, adding that it was a waiver claim.
Weathers, 39, has pitched well this year, posting a 3.32 ERA and holding opponents to just a .199 batting average, striking out 27 through 38 innings. He has, however, allowed seven home runs this year, after allowing just six through 69.1 innings in 2008 and four through 77.2 innings in 2007.