According to numerous sites including MLBTR, the Padres are listening to offers for Jake Peavy. Peavy has a no trade clause but is willing to waive it to go to another NL club. Peavy does not like the idea of pitching in the AL, nor should he want to with those hitter friendly parks and big hitters in the lineup. Jake's agent said that some AL teams could interest Peavy and that he has not completly ruled the AL out.
The Cubs are interested in adding another quality arm to this rotation. We have already heard C.C.'s name along with Cain, so you know they will have interest in the Padres ace. According to Buster Onley, the Padres could attach Khalil Greene to help with their salary relief. The Cubs are rumored to be one of the teams that have already inquired on Peavy,which is a good sign. Expect talks to heat up quickly because Onley believes the deal should get done even before the winter meeting begin, which would be out of the ordinary for a MLB offseason.
I honestly believe the Cubs will be big players for Peavy even if they attach Greene on the deal. The Cubs could always flip Greene somehwere else like the Giants or another team in need for a shortstop. Although I think the Cubs would have to give up quantiy of players rather than quality to get this done. The Cubs do not have a "top prospect" in their system so they may have to include guys like Cedeno, Pie, Veal, and Marshall to get the ball even rolling.
Expect the rumors of the Cubs interest in Peavy to increase in the next 2 to 3 weeks as team meetings are wrapped up and the playoffs draw to a close. Should be another fun offseason for the Cubs!