11:46am: Haudricourt writes that there is a fourth-year club option and the value of the deal is "just under $30MM." Rosenthal says the final number is $29.75MM.
11:22am: Yahoo's Tim Brown tweets that the Brewers will agree with Wolf today on a three-year deal worth just under $30MM. Ken Rosenthal says an agreement has been reached. ESPN's Buster Olney agrees with Haudricourt's figure: $27MM.
WEDNESDAY, 9:22am: Haudricourt says the Brewers have a meeting with Tellem today, and they expect a response on Wolf. If they sign him, they'll next look for a set-up man, possibly Kevin Gregg. If they don't get Wolf, Jon Garland is Plan B.
11:39pm: Now, Haudricourt says the Brewers offered $27MM over three years. They are hoping for a response tomorrow.
2:46pm: Haudricourt believes the Brewers offered Wolf three years and $31MM. He should probably sign that.
9:32am: The Mets will meet with Wolf's agent Arn Tellem today, says Haudricourt, suggesting the Brewers' offer is being shopped around.
TUESDAY, 8:37am: ESPN's Jayson Stark tweets that the Brewers offered Wolf more than Tim Hudson's three-year, $28MM deal, but a half-dozen other teams remain in the mix. Heyman tweets that the Mets aren't giving up, but hope two years will be enough.
MONDAY, 11:06pm: Joel Sherman of the New York Post reports that the Brewers are "on [the] verge" of signing Wolf to a three-year pact.
10:02pm: Jon Heyman of SI.com reports that the Brewers did offer Wolf a third year. The Brewers are the "frontrunner" for Wolf's services and a deal could apparently go down within days.
9:34pm: Tom Haudricourt of the Milwaukee Journal-Sentinel hears that it will take a three year offer to lure Wolf to Milwaukee. The Brewers appear willing to offer the lefty a third year. The Dodgers didn't offer him arbitration, so at least he won't cost a draft pick. Still, the deal's far from a certainty at this point.
9:22pm: Ed Price of AOL FanHouse hears that the Brewers are closing in on a three-year deal with Wolf. Price writes that he's "trying to confirm" the rumor, so it's definitely not a sure thing. Stay tuned.
7:21pm: A source close to Wolf calls this rumor "nonsense," according to Yahoo's Tim Brown.
6:41pm: A Randy Wolf signing may be imminent, if you believe the word of "one high-ranking club executive" who spoke to USA Today's Bob Nightengale. We learned today that the Mets plan to meet with Wolf's agent, and the Brewers are making a "strong run" at the lefty. Wolf was also linked to the Mariners for the first time, by SI's Jon Heyman.