Jeff Wilson says that the Rangers have all but completed a deal with the Houston Astros that will bring Pudge Rodriguez back to Texas.
More details as they become available...
UPDATE -- T.R. Sullivan says the deal is for two "mid-tier" prospects, and that Pudge will be the backup to Taylor Teagarden.
UPDATE II -- If you recall, in late July, 2001, the Rangers traded disappointing veteran free agent signee Andres Galarraga to San Francisco for Todd Ozias, Chris Magruder, and Erasmo Ramirez. I'd expect the price the Rangers pay in terms of prospects to be something similar to that.