10:55am: Ken Rosenthal confirms the deal, saying the Cubs are on the verge of landing Heilman for Cedeno and a minor league pitcher. The deal is expected to be announced today.
10:25am: According to ESPN Radio's Bruce Levine, the Cubs are close to acquiring pitcher Aaron Heilman from the Mariners. The Ms want shortstop Ronny Cedeno and pitching in return. Heilman was dealt to Seattle in the J.J. Putz trade earlier this winter. Earlier this month, Ken Rosenthal mentioned that the Mariners were likely willing to trade Heilman, "who they did not consider a key component of the Putz trade."
Heilman, 30, is set to earn $1.625MM in '09. He'll be eligible for free agency after the 2010 season.
Levine also mentioned that three teams are interested in out-of-options Cubs hurler Rich Hill.