Update 11:41am: According to ESPN, Padilla will receive a $1-million signing bonus, plus a 2010 salary of $4.025 million.

Ken Gurnick of MLB.com Tweets that the Dodgers and pitcher Vicente Padilla have agreed to a one-year contract for $4 million.

The Dodgers did not waste much time signing the former All Star Padilla. They lost out on free agent pitcher Joel Pineiro to the Angels yesterday.

Padilla, 33, was 12-6 with a 4.43 ERA with the Dodgers and Rangers in 2009. Of that, he was 4-0 with a 3.20 ERA in 7 games started with the Dodgers. You can see Padilla’s contract history and statistics here.