Originally written on Fox Sports  |  Last updated 1/11/12
The Cubs and free-agent reliever Kerry Wood are re-engaged in negotiations, and major-league sources say the sides are nearing a one-year deal with an option for 2013. Wood, 34, resides in Chicago and has previously indicated that he would prefer to remain with the Cubs -- where he has spent 11 of his 13 big-league seasons. It appears that he will get his wish, even though the Cubs are entering a true rebuild for the first time in years. Wood went 3-5 with a 3.35 ERA in 51 innings for the Cubs last season. The Phillies had shown recent interest in Wood, sources say, and are expected to add a veteran reliever before Opening Day.
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