1:09pm: The Cubs will get DeWitt and two minor league pitchers for Lilly, Theriot, and $2.5MM tweets Yahoo's Tim Brown.
1:03pm: Lilly and Theriot for DeWitt is done, tweets Joel Sherman of the New York Post.
12:34pm: Blake DeWitt and at least one other player would go to the Cubs as part of a Lilly-Theriot deal if the sides can reach an agreement, tweets Rosenthal. The inclusion of Theriot will seal the deal from the Cubs' point of view, tweets Chris De Luca of the Chicago Sun-Times. Lilly doesn't appear to have many suitors aside from the Dodgers.
11:39am: The latest on Cubs southpaw Ted Lilly...
- The Cubs are likely to send Lilly and Ryan Theriot to the Dodgers, tweets ESPN's Jayson Stark.
- The Dodgers are growing more optimistic about acquiring Lilly, tweets Yahoo's Tim Brown.
- The Yankees are not pursuing Lilly, tweets ESPN's Buster Olney, unless the Cubs "put him on a platter and give him away."
- The Dodgers, Twins, Tigers, and Yankees have varying degrees of interest in Lilly, reports Ken Rosenthal of FOX Sports. A deal with the Dodgers seemed fairly close last night.