Rangers land OF Shin-Soo Choo
Choo, who must pass a physical before the deal is complete, according to a source, was the premier offensive player left on the market after Robinson Cano signed with Seattle and Jacoby Ellsbury went to the New York Yankees.
The deal doesn't include an opt-out clause, the source said. But it does include a limited no-trade provision and performance bonus package.
Choo was one of the top leadoff hitters in the majors for the Cincinnati Reds in 2013 with a .423 on-base percentage, a .285 batting average, 21 homers, 54 RBIs, 20 steals and 107 runs scored.
Choo, 31, is a .288 career hitter with a .389 on-base percentage in nine seasons with Seattle, Cleveland and Cincinnati.
His on-base percentage ranked second to Reds teammate Joey Votto in the National League in 2013, when Choo finished 12th in NL MVP balloting.
But Choo has a history of struggling against left-handed pitching. Choo has a .309 career batting average and a .932 OPS against right-handed pitching, compared to .243 and .680 against lefties. He batted .317 against righties and .215 vs. lefties last season.
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Choo joins Alex Rios and Leonys Martin in Texas' 2014 outfield. The Rangers had also been talking about re-signing outfielder Nelson Cruz, but are expected to drop that pursuit now that they've agreed with Choo.
The Rangers will have to forfeit their first-round draft pick to sign Choo. But Texas would receive a pick as compensation if Cruz signs elsewhere.
CBSSports.com earlier reported Choo's agreement with the Rangers.
The Reds made a $14.1 million qualifying offer to Choo and he rejected it earlier this month. Choo avoided arbitration with the Reds last season by agreeing to a one-year, $7,375,000 deal.
Information from The Associated Press was used in this report.