The Cardinals and Rafael Furcal have reached agreement on two-year deal, pending a physical, a source tells Jerry Crasnick of ESPN.com (via Twitter). Furcal's two-year deal will likely come in around $14MM, a source tells Jon Paul Morosi of FOX Sports (via Twitter).

Furcal, 34, hit .255/.316/.418 with seven homers in 217 plate appearances after being traded to St. Louis at the deadline last year. He was said to be seeking a multi-year contract last month. Furcal recently underwent an appendectomy but is expected to be ready for the start of Spring Training.

The signing shrinks the market for Jimmy Rollins even further and could signal his return to the Phillies. The Cardinals were known to have interest in the shortstop and had more money to spend after the departure of Albert Pujols. However, the club wasn't willing to give Rollins the five-year deal that he seeks.

Ken Rosenthal of FOX Sports (via Twitter) first reported that the two sides were making progress towards a new deal while Jon Paul Morosi of FOX Sports tweeted that a deal was close.