2:58pm: Terry Francona announced that the Red Sox have purchased the left-handed reliever's contract, according to the Boston Herald's Scott Lauber (via Twitter). To make room on the 40-man roster, the club has moved right-hander Junichi Tazawa to the 60-day DL.
2:08pm: Boston left-hander Dennys Reyes can opt-out of his minor league deal in a matter of hours if he is not added to the club's major league roster. Reyes has been told that the BoSox have purchased his big league contract, tweets Michael Silverman of the Boston Herald. The deal is not yet finalized as the club has to find a way to fit him on the 40-man roster.
It should be noted, however, that the soon-to-be 34-year-old told the press that he's still waiting on word from the club, according to Peter Abraham of the Boston Globe (via Twitter).
The veteran's opt-out date was originally set for today but the two sides agreed this week to push the deadline up to Sunday. Reyes hasn't ruled out extending his opt-out date once more, tweets Alex Speier of WEEI.com. If Reyes makes the big league roster, he will earn $900K with incentives that boost the deal's value to $1.4MM in total.