The New York Yankees and Los Angeles Angels are closing in on a trade that would send outfielder Vernon Wells and a large amount of cash to the Bronx, sources told Yahoo! Sports on Sunday.

While Wells has a no-trade clause, he informed the teams he would accept a deal to the Yankees, one source told Y! Sports.

The 34-year-old likely would play left field and move into the Yankees' injury-battered everyday lineup. They are expected to start the season with Curtis Granderson, Mark Teixeira, Alex Rodriguez and Derek Jeter on the disabled list.

Two years and $42 million remain on the seven-year, $126 million deal Wells signed with Toronto. The Blue Jays dealt Wells to Los Angeles for Mike Napoli and Juan Rivera in January 2011.

Wells, who has four home runs in 36 at-bats this spring, lost his everyday role last season. In the two years since joining the Angels, he is hitting .222 with a .667 OPS.

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