Per www.mlbtraderumors.com :
Would it be worth it for the Reds to take a flyer on him? His bat has been average/above-average this year, although his defense has been terrible. He's a proven MLB shortstop at the very least.The Red Sox designated Julio Lugo for assignment according to Rob Bradford of WEEI.com. The move is not surprising, as Lugo did not travel to Toronto with the Red Sox, who need roster space for players returning from injury.
Ken Rosenthal of FOX Sports hears that the Red Sox consider Lugo a "sunk cost" and would expect very little in return for him in any trade. Lugo will likely be released if the Red Sox can't trade him.
The 33-year-old has a .352 OBP and fields well enough, so he figures to draw some interest.