MLB Network reporter Jon Morosi said in a series of tweets that the clubs reached an agreement, and are working to beat Friday’s trading deadline.
The New York Post also reported the trade.
It was not immediately clear who the Astros will trade for Cole.
Cole has pitched for the Pirates since 2013. He was 12-12 with a 4.26 ERA and 196 strikeouts in 203.0 inning pitched in 2017. For his career, he is 59-42 with a 3.50 ERA. He also pitched over 200 innings in 2015.
In the postseason, Cole has a 1-2 record in three games started.
Cole will join the top of the rotation with Justin Verlander and Dallas Keuchel, along with Lance McCullers Jr., Charlie Morton and Brad Peacock as options.
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