7:58pm: The deal is in the range of $15.5MM for two years, tweets Ken Rosenthal.
7:53pm: Mike Cameron has agreed to sign a two-year deal with Boston, the AP reports.
6:38pm: It is "believed" that Cameron would play left field for the BoSox, with Jacoby Ellsbury in center and J.D. Drew in right, writes Jerry Crasnick of ESPN.com. This would make recently-acquired Jeremy Hermida the team's fourth outfielder.
The Cubs and Mariners both had interest in Cameron, but shied away for different reasons. The Cubbies were waiting on a taker for Milton Bradley while the M's continue to focus on Jason Bay. The Braves also had interest, but it now it sounds as though Boston has the inside track.
Speaking of Bay, Crasnick wonders aloud (via Twitter) if this is the "final nail" in the free agent's chances of returning to Fenway.
5:40pm: Free agent outfielder Mike Cameron is in "serious talks" with the Red Sox, tweets Ken Rosenthal of FOX Sports. The two sides are reportedly discussing a two-year pact.
Rosenthal adds that it is unclear whether the BoSox would place Cameron in left field or center field.