Following yesterday's report that the Chicago Cubs have offered Kerry Wood a "substantial raise" comes word from Jon Paul Morosi via twitter that they're close to a one-year deal which includes a 2013 option.

He earned $1.5 million in 2011 and if Jed Hoyer's comments are true would stand to make a bit more. Jon Heyman echoes yesterday's rumors that Philly would still pursue him, just in case:

• Twitter / @jonmorosi - "Source: #Cubs and Kerry Wood are close on a one-year deal that will include a 2013 option."
• Wood close to deal? " Muskat Ramblings
  "He did miss time because of a blister and ended his season in September because of a torn meniscus in his left knee. The right-hander gave the Cubs a hometown discount in 2011, signing a one-year, $1.5 million deal to come back."

• Twitter / @JonHeymanCBS
  #cubs clearly trying hard to re-sign favorite son kerry wood. will be shocked if he leaves chicago. philly waiting, in case

• Cubs Rumors: Chicago, Kerry Wood Nearing One-Year Deal? - SB Nation Chicago
  "Wood, 34, has spent essentially his entire career in a Cubs uniform. He pitched 51 innings for Chicago last season, posting a 3.35 ERA with 57 strikeouts. Even at his advancing age, he still sits in the mid-90's with his fastball and can reach a bit higher than that occasionally."
• Epstein: Wood talks continue, Garza trade talk overblown - chicagotribune.com
  "Cubs president of baseball operations Theo Epsten said Wednesday that talks with Kerry Wood are continuing, and speculation over a Matt Garza deal has been overblown by the media."

• Jed Hoyer: Cubs Offered Wood "Substantial Raise" - MLB Daily Dish
  Bruce Miles from the Daily Herald reports that new Chicago Cubs GM Jed Hoyer told reporters today that the Cubs had been offering free agent relief pitcher Kerry Wood a substantial raise. Wood made $1.5 million during last season with the Cubs.