Gainesville High graduate Micah Owings is being traded from the Diamondbacks to the Cincinnati Reds as part of a deal for outfielder Adam Dunn, according to a report from the Arizona Republic, a Phoenix newspaper.

Diamondbacks general manager Josh Byrnes declined to comment on a similar report from MLB.com that cited Major League Baseball sources.

Owings was named as one of the players to be named later in the deal that sent Dunn from the Reds to Arizona on Monday. Since the trade deadline has passed, Owings must clear waivers if he's to be traded before the end of the season.

It's unclear at this point, the Republic reports, if Owings has already been placed on waivers and claimed by another team. In that case, Arizona would pull him back off waivers and he would not be able to be traded until the end of the season.

Owings posted a 4.30 ERA in 29 starts last season as a rookie. He began 2008 strong, but posted a 7.09 ERA after April 21. For the season, Owings was 6-9 with a 5.93 ERA before being optioned to Arizona's Triple-A club on July 29.

Minor league right-hander Dallas Buck also is part of the trade, the Republic reported, but the identity of the third minor leaguer is not yet known.

Check back for updates as they become available