The Rangers have acquired right-handed reliever Tim Wood from the Pirates in exchange for cash or a player to be named, according to Rob Biertempfel of the Pittsburgh Tribune-Review (via Twitter).
Wood has been added to Texas' 40-man roster and optioned to Triple-A Round Rock, filling out Texas' 40-man, according to Evan P. Grant of the Dallas Morning News (via Twitter).
Wood has appeared in 57 games with the Marlins and Pirates in parts of three big league seasons, posting a 4.50 ERA, 4.3 K/9 and 5.1 BB/9. The righty was drafted by Florida in the 44th round in 2002.