Paul Sullivan of the Chicago Tribune reports that the Cubs have interest in the recently-released B.J. Ryan. The former Blue Jays closer will become a free agent when he clears waivers tomorrow, so any team will be able to pick him up for the major league minimum. The Blue Jays will pay the rest of Ryan's contract, some $15MM over the next year and a half.
The Cubs could send Ryan to the minors if they sign him, then bring him up as a lefty specialist if they believe he can be effective in the majors again.