Rangers acquired RHP Yovani Gallardo and cash considerations from the Brewers for INF Luis Sardinas and RHPs Corey Knebel and Marcos Diplan.
The New York Post's Joel Sherman is reporting that the Brewers and Rangers have a "deal in principle" that would send Yovani Gallardo to the Rangers.
FOX Sports' Ken Rosenthal and Jon Morosi report that the Rangers are "on the verge" of trading for Yovani Gallardo.
Brewers exercised RHP Yovani Gallardo's $13 million club option for 2015.
CBS Sports' Jon Heyman reports that the Brewers plan to exercise Yovani Gallardo's $13 million option for 2015.
Yovani Gallardo gave up five runs -- three earned -- in five innings Thursday in a loss to the Reds.
Yovani Gallardo was handed no-decision Friday despite striking out a season-high 11 batters over seven scoreless innings against the Pirates.
Yovani Gallardo held the Reds to two runs in six innings but the Brewers lost to the Reds on Saturday.
Yovani Gallardo was tagged for five runs and three homers in 3 2/3 innings by the Marlins on Monday.
Yovani Gallardo was hit hard by the Cubs on Tuesday, allowing seven runs -- five earned -- over five innings in a loss.
Yovani Gallardo allowed six runs -- three earned -- over five innings in a loss to the Pirates on Friday.
Yovani Gallardo pitched eight innings of one-run ball to beat the Dodgers on Saturday.
Yovani Gallardo limited the Cubs to a run over seven innings Monday in the Brewers' 3-1 victory.
Yovani Gallardo fell to 6-6 after giving up four runs in four innings against the Giants on Wednesday.