UPDATE: And now it's officially official.

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UPDATE: Bronson Arroyo is also heading to Los Angeles, according to Ken Gurnick of MLB.com and the Marlins will save between $16 million and $18 million, ESPN Insider Jim Bowden says.

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UPDATE: The deal is done.

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UPDATE: Here's the complete breakdown of each player involved and where they're going:

Dodgers get: RHP Mat Latos (MIA), 1B/OF Michael Morse (MIA), prospect INF Jose Peraza (ATL), LHP Alex Wood (ATL), RHP Jim Johnson (ATL) and LHP Luis Alivan

Marlins get: prospect right-handers Kevin Guzman (LAD), Jeff Brigham (LAD) and Victor Araujo (LAD)

Braves get: INF Hector Olivera (LAD), LHP Paco Rodriguez (LAD), prospect RHP Zach Bird (LAD) and the Marlins' 2016 Competitive Balance draft pick (34th overall)

(All info per ESPN Insider Jim Bowden and Chris Cotillo of MLB Daily Dish.)

The deal is "nearing completion," according to FOX Sports' Jon Morosi. None of the clubs have confirmed it yet.

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UPDATE: It appears as if the Atlanta Braves are the third team in this deal (according to FOX Sports' Ken Rosenthal) and Dodgers' infielder Hector Olivera could be traded before ever playing a game for Los Angeles (according to Bill Shaikin of the Los Angeles Times).

UPDATE: And it may no longer be happening...

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UPDATE: There is a third team involved in this deal. More details to come.

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The Los Angeles Dodgers struck another big deal with the Miami Marlins after doing so during the Winter Meetings in the offseason. Los Angeles improved their MLB roster and Miami added to their weak farm system.

The Marlins sent starting pitcher Mat Latos, first baseman/outfielder Michael Morse and their 2016 Competitive Balance draft pick (34th overall) to the Dodgers in exchange for three minor-league players, according to Gordon Wittenmyer of the Chicago Sun-TimesClark Spencer of the Miami Herald and Joe Frisaro of MLB.com.

"The Marlins have agreed to trade pitcher Mat Latos and underperforming first baseman Michael Morse -- two of their most prominent offseason acquisitions -- to the Los Angeles Dodgers for three minor-leaguer players. The Marlins threw in their 2016 Competitive Balance draft pick in a deal that has all the components of a salary dump," Spencer wrote.

"By trading Latos, Morse and reliever Steve Cishek, who was dealt to the Cardinals on Friday, the Marlins effectively cleared $8.7 million in payroll from the books this season, as well as the $8 million Morse is due to make next season. The Dodgers agreed to pick up all his money."

Neither team has announced the trade, but we'll provide more updates on the other players who are involved in the deal.