With Major League Baseball being in its annual All Star Break Pre-Deadline lull, any piece of news is huge.

One MLB official has told Ken Rosenthal of Fox Sports that the Cubs and Rangers are getting closer on a deal for Matt Garza. Rosenthal notes that prospects from multiple levels are being discussed in the deal, including Rangers’ top prospect Mike Olt. It was also reported earlier today by ESPN’s Buster Olney that the Cubs were calling for “last and best” offers for Garza, an indication that a trade is near.

Garza, 29, has had a spectacular season so far. He’s gone 6-1 with a 3.17 ERA after returning from the DL. Over his career, Garza has a 63-62 record with a solid 3.80 ERA. He is a free agent for the first time next year, and should be in line for a fairly large multi-year deal.

Mike Olt is the 19th best prospect in baseball according to MLB.com. He’s struggled a bit in the minors this year, hitting .217/.313/.417 with 10 homers, but scouts say that he could be playing every day at third base right now. The problem is that the Rangers have Adrian Beltre playing in front of him.