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Foxsports.com’s Ken Rosenthal is reporting that the Reds have reached a preliminary agreement with 39-year-old lefty Arthur Rhodes on a 2-year, $4 million deal, pending a physical that Rhodes will take Friday.

There’s also speculation that the Reds are one of eight or 10 teams who have contacted the Cubs about Mark DeRosa.

News from Rosenthal’s blog concerning a couple of former Reds as well as a Cincinnati native: A source says the Diamondbacks are close to signing Felipe Lopez for one year, $3.5 million. The Yankees’ proposed deal for Mike Cameron has hit a snag. And relief pitcher Joe Smith (Amelia HS) reportedly is part of a three-team trade (involving J.J. Putz, among others) that will send him to the Indians.

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