Update 6:00 CT: The Cubs will also get a PTBNL in the deal.
According to Bruce Levine of ESPN Chicago, the Cubs and Rays have gotten together for an eight player trade! The Cubs received starting pitcher Matt Garza, who is expected to lead the rotation. They will send Chris Archer, Hak-Ju Lee, Brandon Guyer, Robinson Chirinos and Sam Fuld to Tampa Bay. The Cubs will also add two minor leaguers.
Bruce Miles reports that switching hitting outfielder Fernando Perez is in the deal. If this is true, Perez will be added to the 40-man roster.
This deal is not official yet and it is still pending physicals.
I will update this post with more information this afternoon!
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