7:18pm: Joe Smith of the St. Petersburg Times says it's a "done deal." It'll be announced tomorrow.
6:29pm: David O'Brien of the Atlanta Journal-Constitution says the deal hasn't been finalized yet. The doctors didn't look at all the reports today, but it should go through tomorrow.
4:38pm: MLB.com's Mark Bowman says the medical reports have been reviewed and the Rafael Soriano–Jesse Chavez swap has been finalized.
11:00am: Rosenthal and Morosi say the Rays will sign Soriano for one year and $7MM or slightly more; the deal will be official after medical records are exchanged. They say Soriano's contract will be non-guaranteed.
10:16am: Rosenthal tweets that the Rays are negotiating a one-year deal with Soriano, and terms must be reached before the trade can become official. ESPN's Jerry Crasnick believes this deal should be done by day's end once the Rays look at Soriano's medicals.
1:30am: Topkin says the Rays will pay all of Soriano's salary, whatever that may be. The two sides don't necessarily have to go to arbitration even though Soriano accepted, they could even work out a multi-year deal.
THURSDAY, 12:55am: SI.com's Jon Heyman says that Soriano has been traded to Tampa, pending medical review.
WEDNESDAY, 11:53pm: Jon Paul Morosi of FOX Sports says the deal is "nearly complete." Jesse Chavez, the reliever the Rays obtained for Akinori Iwamura, will likely be dealt to Atlanta.
11:38pm: Marc Topkin of the St. Petersburg Times reports that the Rays and Braves are "close" to a deal for Soriano. It could be completed tomorrow.
10:08pm: David O'Brien of the Atlanta Journal-Constitution reports that the Braves and Rays could finalize a deal for Soriano as early as tomorrow morning.
8:05pm: They may not be frontrunners, but the Rays are talking to the Braves about Soriano, according to Yahoo's Tim Brown.
5:16pm: The Braves don't consider any team the frontrunner for Soriano, according to MLB.com's Mark Bowman.
3:23pm: Tracy Ringolsby of FOX Sports suggests the Rays are the frontrunner for Soriano, assuming they'll expand their payroll to fit him in. ESPN's Jayson Stark tweets that the Rays are very interested but are balking at the money and players involved. Funny to note that Rays owner Stuart Sternberg recently told Roger Mooney, "There is no $7 million closer showing up."
2:36pm: ESPN's Buster Olney tweets that the Braves want a solid return for Soriano and want the other team picking up the tab. Not sure they have the leverage for that.
1:52pm: Rosenthal tweets that the Rays and Astros are vying for Soriano. Note that the Astros just lost LaTroy Hawkins to the Brewers.
1:04pm: Rosenthal now tweets that the Orioles and Angels are out on Soriano. Soriano is apparently out of the Angels' price range. Rosenthal still thinks a deal will come together quickly.
WEDNESDAY, 8:36am: Ken Rosenthal of FOX Sports tweets that the Angels are another suitor for Soriano. Makes sense, given Brian Fuentes' struggles.
TUESDAY, 6:31pm: Michael Silverman of the Boston Herald says the Red Sox are unlikely to be suitors for Soriano. Meanwhile, David O'Brien of the Atlanta Journal Constitution says the Yankees, Astros and Orioles have interest in Soriano. Braves GM Frank Wren confirmed to O'Brien that at least one team has interest in both Soriano and Derek Lowe.
4:09pm: Reliever Rafael Soriano has already given Braves GM Frank Wren trade clearance, tweets MLB.com's Mark Bowman. Wren said he's already had discussions with multiple teams. Soriano accepted the Braves' offer of arbitration last night, perhaps in an effort to skirt draft pick compensation.
The Orioles, Astros, and Red Sox appear to be potential suitors for Soriano, based on previous reports. Joel Sherman of the New York Post tweeted earlier today that the Yankees are not interested in trading for him.