Bruce Levine of ESPN Radio reports that the Cubs have signed a a one-year, $4MM deal with Kerry Wood.

It was reported that had interest from the Padres, Brewers, and Red Sox as well with deals in the range of two years worth $5-6MM.

Cubbies blog, A View From The Bleachers has the official statement from the Cubs.

Hat tip to Gary Grund and MLB Trade Rumors for the link.