10:20am: Romero and the Giants have indeed agreed to a Minor League contract, reports Jon Heyman of CBS Sports (via Twitter).

MAY 11, 7:09am: The Giants and Romero are making progress on a deal and could have something finalized as soon as today, reports Ben Nicholson-Smith of Sportsnet (via Twitter). Romero would report to extended Spring Training with the Giants upon completion of the deal.

MAY 10: The Giants are close to signing former Blue Jays starting pitcher Ricky Romero, Bob Elliott of the Toronto Sun tweets. The deal will, presumably, be of the minor-league variety. The Jays released the 30-year-old lefty last month. Romero is a client of the Legacy Agency.

Romero appeared to be blossoming into one of the game’s better young starters in 2011, when he posted a 2.92 ERA in 225 innings with Toronto. He struggled the following season, though, leading the American League in walks, then had elbow surgery and never returned to his previous form. He last appeared in the bigs in 2013. Lately, he’s battled knee injuries, and Jays GM Alex Anthopoulos said his team decided to release Romero because they didn’t think he would recover in time to contribute this year. The Jays are on the hook for the remainder of Romero’s $7.5MM 2015 salary, plus a $600K buyout.