8:16pm: Henry Schulman of the San Francisco Chronicle (via Twitter) predicts that Lewis will still be with the Giants this weekend. Schulman is hearing that there is little or no trade interest in the market for the outfielder.
8:24am: Giants outfielder Fred Lewis will be activated or traded by the weekend, reports Andrew Baggarly of the San Jose Mercury News. Lewis is in Triple A rehabbing a sore rib cage, but his assignment won't last past Thursday. Lewis is out of options, so the Giants can't keep him in the minors.
Baggarly notes that the Giants' roster is stocked with six outfielders, implying that a trade is more likely than a call-up. He says that while the Padres and Athletics have expressed past interest in Lewis, the Blue Jays may be "the most likely destination." New GM Alex Anthopoulos is familiar with the Giants, already having claimed Brian Bocock and traded for Merkin Valdez in his six months on the job. Bocock was claimed again by the Phillies.
Lewis, 29, has a .277/.355/.420 career line, with a walk rate over 10%. He's played all three outfield positions in the Majors, but mostly left field. Three years ago Baseball America called him "the best all-around athlete in the system," a player with star-level raw skills. BA questioned his outfield routes, though Lewis' left field defense comes out strong in terms of UZR/150. Baggarly noted that Lewis has been getting some recent starts in center, so perhaps that's not a lost cause. Obviously Lewis' bat plays better there if he can hold his own defensively.