The Rangers and Tigers agreed to a blockbuster deal on Wednesday, with second baseman Ian Kinsler going to Detroit and first baseman Prince Fielder going to Texas, reports CBSSports.com.
Neither team has confirmed the trade.
According to the report, Fielder has a limited no-trade clause that includes the Rangers and must waive the right to veto the trade.
Kinsler will make $57 million over the next four years, with a $12 million team option or $5 million buyout in 2018. Fielder will make $24 million for each of the next seven seasons, for a total of $168 million.
Fielder, 29, hit .279 with 25 home runs and 106 RBIs in 2013, along with a career-low .819 OPS.
Kinsler has been with the Rangers since 2006. He hit .277/.344/.413 last season, with 13 home runs, 72 RBIs and 15 stolen bases in 26 attempts.