FRIDAY, 5:34pm: According to Paul Hoynes of the Cleveland Plain Dealer, we should hear the Indians’ decision on the Wood signing by Saturday. Indians president Paul Dolan has the final call.
9:41am: Looking for a Kerry Wood update? The AP is reporting that he took his physical yesterday, and team doctors are taking a look. They say it may still take a few days before the official announcement.
WEDNESDAY, 4:42pm: Castrovince says Wood is headed to Cleveland for a Thursday physical. He believes the two-year, $20MM deal will include a third-year option of some variety.
TUESDAY, 11:17pm: Phil Rogers of the Chicago Tribune reports Wood reached an agreement with the Indians on what is believed to be a two-year deal with a vesting option. It’s unclear if Rogers is offering up new information here or just summarizing what we know.
7:44pm: John Perrotto says the Indians signed off on Wood’s medical reports and will likely announce the signing today or tomorrow.
5:36pm: The AP says the Indians are close to a two-year deal with Wood.
5:01pm: Peter Gammons says the Indians are making progress with Wood but still talking to alternatives.
3:12pm: Castrovince says his Wood report "appears to be legit." Multiple sources have confirmed to him that a deal "could be cemented soon." Wood would still have to pass a physical though.
3:03pm: ESPN’s Keith Law:
A source with Cleveland indicated that the Indians are still "actively engaged in the closer market" but haven’t settled on one player or finalized a deal yet.
1:15pm: According to MLB.com’s Anthony Castrovince, the Indians appear closer to a two-year deal with Kerry Wood. The deal may contain a third-year option.