UPDATE 3:50 PM EST: Jim Bowden of ESPN reports that Alfonso Soriano will not be dealt before the deadline, but may still be moved on the waiver wire in August.

Alfonso Soriano will not be traded before the deadline today....but possibility of August deal exists...but Cubs have to eat more money

— JIM BOWDEN (@JimBowdenESPNxm) July 31, 2012

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Original Story: The Chicago Cubs and Detroit Tigers are "hard at work" on a deal to send veteran outfielder Alfonso Soriano to Detroit, a source has told David Kaplan of CSN Chicago.

I just spoke with a solid source who told me that Tigers and Cubs are hard at work on Alfonso Soriano. Not sure they can make money work.

— David Kaplan (@thekapman) July 31, 2012

Though the Tigers have been in the hunt for outfield help for months, it was reported earlier this morning that Detroit did not think Soriano would be "a great fit". Thinks often change as the trade deadline looms near, however, and it seems the Tigers have changed their minds.

Believed to be an integral part of negotiations in the Los Angeles Dodgers' discussions for right-hander Ryan Dempster this week, the Cubs may have shifted gears on Soriano now that the Dodgers have acquired Shane Victorino and the Yankees have entered discussions for Dempster.

Soriano, 36, is owed $36 million over the next two seasons.