This is a most interesting report, considering this FanPost discussing Sean Marshall which was posted earlier today.
Ken Rosenthal of Fox Sports posts that the Cubs and Reds are discussing a deal:
The Reds, continuing their search for bullpen help, are talking to the Cubs about a trade for left-hander Sean Marshall, according to major-league sources.
The Cubs are targeting left-hander Travis Wood, a pitcher who intrigued team president Theo Epstein last season when Epstein was GM of the Red Sox, sources say.
It is not known whether other players might also be part of the deal.
As most of you know, I like Sean Marshall -- always have. In fact, I recently renewed BCB's sponsorship of his Baseball-Reference page. Marshall has been one of the top lefthanded relievers in baseball the last two years.
Travis Wood will be 25 in February. He had a very good year in debuting for the Reds in 2010; not so good in 2011. Last season included a couple of minor league demotions for Wood. At 25, he's still got a chance to improve, and he'd be quite cheap in 2012, as he is not yet arb-eligible. He's under team control through 2017.
I also remember well his major league debut, which was against the Cubs at Wrigley Field on July 1, 2010. He threw seven solid innings.
Much as I like Sean Marshall, I might be inclined to make this deal, but not one-for-one; I'd probably want another pitching prospect back from the Reds.