According to Jesse Sanchez of MLB.com (@JesseSanchezMLB):
Source: OF prospect Eloy Jimenez & fam decide on #Cubs but another team was in mix & offered more $$. Expect announcement in next few days.
— Jesse Sanchez (@JesseSanchezMLB) July 3, 2013
As discussed with the signing of Torres, the Cubs appear to still be targeting the International market in an attempt to rebuild the Cubs farm system.
More interestingly though - I had previously wondered what Sosa's impact would have on the Cubs and recruits from the Dominican Republic. It wasn't the most pleasant of endings, but he did have quite the career here with the Cubs which allowed for a lot of good PR down in the Dominican Republic for a long time. If these reports are true, it's good to see that at the end of the day, his time with the Cubs still sheds a positive light on the Chicago Cubs in the DR.