Phillies set to sign Pedro Martinez on Wednesday

The Philadelphia Phillies are reportedly set to sign 37 year old right-hander Pedro Martinez.

According to reports, Martinez underwent a physical today (Tuesday) and the announcement of the deal hinges on the veteran passing that test. Martinez has been a free agent since leaving the Mets at the end of the 2008 season, and has being playing in the Dominican Republic since.

Martinez is considered to be one of the top pitchers of his era and has won three Cy Young Awards. At the time of his 200th win in April 2006, Martínez had the highest winning percentage of any 200-game winner in modern baseball history (he has since slipped .006 behind Whitey Ford). In 2007, Martínez became the 15th pitcher to reach 3,000 career strikeouts.

A Philles spokesman said that Martinez’s arrival “would not preclude them from making other moves.” The team is rumored to be chasing Blue Jays right-hander Roy Halladay.