Update 12/16 12:22pm PST: Bob Elliott of the Toronto Sun Tweets: MRI on Wallace’s shoulder clears Taylor-to-Oakland deal. Jays get Wallace from A’s plus Drabek and D’Arnaud, from Phils, 3 former No. 1s.

Update 09:14am: Brett Wallace was originally drafted by the Blue Jays in 42nd round of the 2005 draft.  He decided to go to college at Arizona State, and reentered the draft in 2008 to be picked by the St. Louis Cardinals in the 1st round (13th pick).  Wallace was involved with in the trade that sent Matt Holliday to the Cardinals last July.

Buster Olney of ESPN The Magazine Tweets that the Toronto Blue Jays will trade outfielder Michael Taylor (acquired from the Phillies in the 3-team trade) to Oakland for 3B Brett Wallace as soon as the 3-team trade involving Halladay and Lee is complete.