3:45pm: Oswalt said he has been told he cleared waivers three weeks ago, Sullivan reports. The right-hander's contract doesn't include a no-trade clause.
12:23pm: The Rangers are talking to other teams about Oswalt and a trade is "possible," MLB.com's T.R. Sullivan reports. The Rangers are looking for utility infield help and aren't sure if they'll be able to move Oswalt.
Oswalt earns a base salary of $5MM this year -- approximately $1MM between now and the end of the season -- and he will hit free agency this fall. He has posted a 5.94 ERA with 8.5 K/9 and 1.8 BB/9 in 50 innings for Texas as a starter and reliever. Rosenthal reports that Oswalt wants to start and suggests the Dodgers could be a possibility. Los Angeles is known to be seeking starting pitching depth.
Here’s MLBTR’s list of players known to have cleared waivers.