Jon Heyman from CBSSports.com broke the news on Sunday night that the Minnesota Twins and Mike Pelfrey have agreed on a one-year deal worth $4 million, pending a physical.
There is also an additional $1.5 million in incentives for the right-hander, who after being non-tendered by the Mets last month, is rehabbing from Tommy John surgery.
He is expected however to be ready for the start of the 2013 season.
Nevertheless, the 29-year-old has slipped in effectiveness, going 15-9 with a 3.66 ERA in 2010, but falling to 7-13 with a 4.74 ERA in 2011.
He had a 2.29 ERA in three starts for the Mets last season before his surgery.
Pelfrey is a gamble, but has proven he can cut it in the AL. If he can stay healthy, this is a good pick up for the Twins.