Thatcher (ankle) is doing some light throwing off a mound in Arizona, but is "not close" to a return, according to manager Mike Scioscia, MLB.com's Alden Gonzalez reports. The ligament sprain is expected to keep him out until at least early-September, but as a middle reliever, he offers little fantasy value, especially after the Angels bolstered the bullpen prior to the trade deadline.

An MRI Monday confirmed a ligament sprain on Thatcher's ankle and he is expected to need 3-to-4 weeks to rehab the injury, MLB.com's Alden Gonzalez reports.

Angels acquired LHP Joe Thatcher and OF Tony Campana from the Diamondbacks in exchange for OF Zach Borenstein and RHP Joey Krehbiel. The veteran southpaw makes for a nice addition to the Angels bullpen which was lacking in quality left-handed arms. He has done a nice job for the D'Backs this season, posting a 2.63 ERA, 1.08 WHIP and 25/3 K/BB ratio over his 24 innings of work. Despite adding Thatcher and Jason Grilli this week, the Angels are rumored to still be in the market for further bullpen upgrades.

According to Ken Rosenthal of FOX Sports, the Angels have agreed to a deal to acquire Joe Thatcher and Tony Campana from the Diamondbacks. No word yet on the potential return package that the Diamondbacks would be receiving in the trade. There were rumblings late Friday that the Angels were interested in the veteran southpaw, and it appears as though they worked things out quickly. He'll add a much-needed left-handed weapon to manager Mike Scioscia's bullpen.

Ken Rosenthal of FOX Sports reports that the Angels are interested in acquiring a left-handed reliever and are believed to be interested in Diamondbacks southpaw Joe Thatcher.The 32-year-old is enjoying a fine season in the desert, posting a 2.63 ERA, 1.08 WHIP and 25/3 K/BB ratio over his 24 frames. He remains one of the top left-handed relievers expected to be available via trade.

Ken Rosenthal of FOX Sports reports that the Angels are interested in acquiring a left-handed reliever and are believed to be interested in Diamondbacks southpaw Joe Thatcher. The 32-year-old is enjoying a fine season in the desert, posting a 2.63 ERA, 1.08 WHIP and 25/3 K/BB ratio over his 24 frames. He remains one of the top left-handed relievers expected to be available via trade.

Diamondbacks avoided arbitration with LHP Joe Thatcher by agreeing to a one-year, $2.375 million contract. Thatcher was arbitration-eligible for the final time this winter. The left specialist posted a 3.20 ERA over 72 appearances for the Padres and D'Backs last season.

Ben Nicholson-Smith of Sportsnet.ca believes it's unlikely that Joe Thatcher will be non-tendered by the Diamondbacks. Thatcher struggled mightily during his time with the Diamondbacks after a mid-season trade, posting a 6.75 ERA, 1.93 WHIP and 7/6 K/BB ratio over 9 1/3 innings. He remains a reliable and effective option out of the bullpen however, and still just 32-years-old, should have plenty of good innings left in him.

ESPN's Jayson Stark reports that the Padres are more likely to deal Joe Thatcher than Luke Gregerson. Furthermore, Stark hears that the Padres are declining any offers for their outfielders. Finally back to form following shoulder issues, Thatcher has a 2.10 ERA and 29/4 K/BB ratio over 30 innings this season. Left-handed relievers have a lot of value in this market, so the Padres could fetch a nice prospect in return.

FOX Sports' Jon Paul Morosi reports that the Braves are interest in Joe Thatcher. The Braves are sure to add a left-handed reliever at the deadline, and it's no surprise Thatcher is on their watch list. The southpaw holds a 2.25 ERA this season and has left left-handed batters to a .206/.266/.315 batting line during his career. He's making $1.35 million in 2013 and will be arbitration-eligible for a final time over the winter.