SUNDAY, 11:40am: The Mets have confirmed the trade via press release.

SATURDAY, 8:57pm: The Diamondbacks will receive 24-year-old pitcher Matt Koch and 23-year-old pitcher Miller Diaz, tweets Bob Nightengale of USA Today. Koch has a 3.46 ERA with 5.60 K/9 and 1.53 BB/9 at Double-A. He’s split his time between starting and relief. His fastball plays up to the mid-90’s out of the bullpen.

In High-A, Diaz has pitched to a 4.71 ERA with 7.09 K/9 and 4.34 BB/9 in 124 and 1/3 innings. He posted loftier strikeout rates in the previous two seasons. Both Koch and Diaz strikes me as the type of pitchers who could eventually reach the majors as a reliever.

6:18pm: The Mets have acquired reliever Addison Reed from the Diamondbacks pending a physical, tweets Adam Rubin of ESPN New York. Arizona will acquire two prospects in the swap. We learned earlier this afternoon that the Mets were in the hunt for relievers including Marc Rzepczynski of the Padres. Reed is arbitration eligible for two more seasons. However, with a $4.875MM contract in 2015, he’s a possible non-tender candidate.

Reed, 26, entered the 2015 season as the Diamondbacks closer. He lost the job early in the year. His peripherals have taken a step backwards with just 7.52 K/9 and 3.10 BB/9. He’s averaged over a strikeout per inning over his five season career and has never walked more than 3.00 BB/9.

The right-handed reliever has spent a large chunk of the season in the minors. Since he was recalled on July 29, he has a 1.65 ERA with 7.71 K/9 and 1.65 BB/9. After home runs punished him in 2014, he’s held opponents to a tiny 3.8 percent HR/FB rate all while increasing his ground ball rate. This year, the damage has come via an elevated .344 BABIP.

There is still a chance the deal is detailed by the medical review. Reed rushed back this spring from shoulder soreness. It’s possible his peripheral decline is related to lingering shouldering issues (that’s just my speculation).

The Mets will hope his recent performance is more indicative of what’s to come. New York has Tyler Clippard and Jeurys Familia for the eighth and ninth inning roles. Reed may fit in as a seventh inning reliever.