The deal reportedly sends both Betts and David Price to the Dodgers, according to ESPN's Jeff Passan.
The news has come out in rapid succession and some other details about who the Dodgers are sending to Boston have also been reported by The Athletic's Ken Rosenthal.
So for now we know that both Betts and Price are going to the Dodgers and Alex Verdugo is headed to Boston. Though this may just be the start for a deal that has significant salary implications for the Dodgers.
Taking on Price's money likely prevented the Dodgers from having to send a haul of prospects to the Red Sox, although Verdugo is a tremendous talent in his own right. Betts also only has one year of team control left, somewhat limiting his trade value.
The deal is not yet official until the medical exams are conducted.
More details should come out but for now baseball fans know where Betts will be playing in 2020, given the physicals go as planned.