Update: Mark Feinsand of the Daily News, says that, according to two Major League, the Yankees are "set" to make the deal. There is no mention of a pitching prospect, just Melky.

Dan Graziano of The Star-Ledger quotes an official with the Yankees or the Brewers (one of them) in saying that the teams have made "good progress" on a swap that would send center fielder Mike Cameron to the Yankees in exchange for Melky Cabrera and a pitching prospect. A deal could be completed in the next day or so.