9:39pm: The Red Sox were said to also have interest in Haren but it doesn't appear that they will trade for him either, tweets Danny Knobler of CBSSports.com. Meanwhile, a source tells Bruce Levine of ESPNChicago.com (via Twitter) that the deal is not necessarily dead but is unlikely at this point.

9:27pm: Marmol would have approved a trade to the Angels, but the Cubs pulled the deal off of the table, a source tells Ken Rosenthal of FOX Sports (via Twitter). The Angels are still talking with other clubs about Haren as they close in on the 11pm CST deadline to exercise his $15.5MM option.

9:20pm: The trade will not take place, a Cubs source tells Carrie Muskat of MLB.com (via Twitter).

8:42pm: The deal will take place if Marmol agrees to join the Angels, a source told Ken Rosenthal of FOX Sports (via Twitter).

8:29pm: The two sides haven't agreed to a trade, according to Ken Rosenthal of FOX Sports (via Twitter). The Cubs did ask Marmol if he would waive his no-trade clause to go to the Halos, but the Angels are still speaking with other clubs (Twitter link).

8:09pm: The Angels and Cubs may be waiting on MLB approval because of the money being exchanged, tweets Mike DiGiovanna of the Los Angeles Times.

7:56pm: Alden Gonzalez of MLB.com (via Twitter) hears that the deal has not been completed and the Angels are still active in discussions with more than one team.

6:49pm: The Cubs have acquired Dan Haren from the Angels in exchange for Carlos Marmol, confirms Bruce Levine of ESPNChicago.com (via Twitter). The deal was first reported by Yancen Pujols of El Caribe (via Twitter, Spanish link).

The deal brings an end to an eventful week of rumors surrounding Haren, who was unlikely to see his $15.5MM option exercised by the Angels. The Halos' deadline for picking up Haren's 2013 option is at 11pm CST and it's possible that it has been exercised as a part of the deal, but there is word on that yet. The Halos deadline for picking up the option is 11pm CST. We learned today that both the Cubs and Red Sox were in on the 32-year-old but Theo Epstein & Co. have apparently won out.

Marmol is entering the final year of his contract which will pay him $9.8MM. The 30-year-old turned in a 3.42 ERA with 11.7 K/9 and 7.3 BB/9 through 61 appearances last season. Marmol has spent his entire seven-year big league career with the Cubs and has a 3.38 ERA with 11.7 K/9 and 6.0 BB/9 during that stretch.

Ken Rosenthal of FOX Sports (via Twitter) notes that the Angels could help close the gap in salary by contributing all or part of Haren's $3.5MM buyout.