Free agent closer Emilio Pagán has agreed to return to the Cincinnati Reds on a $20 million, two-year contract, according to multiple reports.
The deal, which was first reported by The Athletic, was pending a physical and had not been announced.
Pagán would have the right to opt out of the contract after the 2026 season.
The 34-year-old right-hander became the Reds' closer early last season and went 2-4 with a 2.88 ERA and a career-high 32 saves in 38 opportunities. He ranked second in the National League in saves and tied for fifth in the majors.
Pagán is 28-27 with a 3.66 ERA and 65 saves in nine major league seasons with Seattle, Oakland, Tampa Bay, San Diego, Minnesota and Cincinnati.
Information from The Associated Press was used in this report.