Says Ken Rosenthal of FOXSports:
The deal, expected to be for one year, would give the Rangers a replacement for Gary Matthews Jr., who agreed to a five-year, $50 million free-agent contract with the Angels.
Lofton, who turns 40 on May 31, spent last season with the Dodgers, batting .301 with a .360 on-base percentage and 32 stolen bases in 37 attempts.
While Lofton could be an adequate replacement for Matthews in the leadoff spot, his defense has declined in recent seasons and could be an issue at Ameriquest Field.
The Cubs also had been pursuing Lofton, envisioning him as a one-year stopgap until top prospect Felix Pie was ready to take over center.