1:58pm: According to Craig Elsten of 619 Sports, the Brewers acquired Jody Gerut from the Padres for Tony Gwynn Jr. MLB.com's Corey Brock confirms it.
Gerut, 31, had a fine comeback year in '08 but is off to a .221/.248/.381 start in 121 plate appearances this year. He's played center and right field for the Padres. His defense rates as a plus. Since he has decent service time he's up to a $1.775MM salary.
Gwynn cleared waivers in April, so the Padres could've had him for nothing at that time. He didn't hit much in Triple A last year.
1:24pm: Tom Haudricourt of the Milwaukee Journal-Sentinel passes along a tweet from Brewers assistant GM Gord Ash:
The Brewers will have a press release on a player transaction in the next hour.
That message was posted at about 1pm CST. Haudricourt says it is not Jake Peavy.