Jan 19, 2008 11:14 PM EST

In the hunt for pitching the entire offseason, the Reds appear close to making another significant addition to their staff.

A Major League source confirmed to MLB.com that free agent left-hander Jeremy Affeldt and Cincinnati are nearing a deal. The signing is still pending upon the final agreement on a dollar figure and a physical that has already been scheduled for early next week.

Foxsports.com first reported the story and said Affeldt's deal could be for one year at $3 million, plus incentives.

"There's nothing to announce," Reds' General Manager Wayne Krivsky said. "I can't deny that we've had conversations."

Via MLB.com