(Sports Network) - It appears as though R.A. Dickey is on his way to Toronto.
Reports Sunday indicated that the New York Mets had agreed to trade the reigning NL Cy Young winner to the Blue Jays, but only if Dickey could agree to a contract extension with Toronto.
According to FoxSports.com, only a physical now remains before the deal becomes official.
A major league source told the website on Monday that Dickey has agreed to a two-year extension worth about $25 million.
Dickey had a career year in 2012, winning the Cy Young after posting a record of 20-6 with a 2.73 earned run average and 230 strikeouts over 233 2/3 innings.
The Mets and the 38-year-old knuckleballer had been unable to reach a contract extension, furthering speculation of a trade.
On Sunday, the New York Post reported that the trade would send Dickey, catcher Josh Thole and a prospect to Toronto in exchange for highly touted catching prospect Travis d'Arnaud, catcher John Buck, top pitching prospect Noah Syndergaard and another minor leaguer.
The 23-year-old d'Arnaud was apparently the focus of the trade for the Mets, and a chip the Blue Jays did not want give up. He hit .333 in 67 games at Triple-A Las Vegas in 2012 with 16 homers and 52 runs batted in before a knee injury cut his season short in June.
Syndergaard, a 20-year-old right-hander, was 8-5 with a 2.60 ERA at Single-A Lansing last season with 122 strikeouts in 103 2/3 innings.
The Blue Jays have been among the most active teams this offseason.
They have a new manager in John Gibbons, signed infielder Maicer Izturis and outfielder Melky Cabrera as free agents and made a blockbuster deal in November to acquire Buck, outfielder Emilio Bonifacio, pitchers Josh Johnson and Mark Buehrle and former Mets shortstop Jose Reyes from the Marlins.
The moves would likely make Toronto the favorite in the AL East, despite the usually free-spending ways of the Yankees and Red Sox. The Jays would have a rotation of Dickey, Johnson, Buehrle, Ricky Romero and Brandon Morrow, as well as speed at the top of the lineup with Reyes and Bonifacio and the slugging of holdovers Jose Bautista and Edwin Encarnacion.