Romano racked up 105 saves in his time with the Blue Jays but suffered an elbow injury this year. He says he's "fully healthy" now.

The one-year, $8.5 million deal includes a $500,000 bonus if Romano reaches 60 innings, according to a league source.

“Closer Jordan Romano and the Philadelphia Phillies are in agreement on a free agent contract, pending physical, sources tell ESPN,” Jeff Passan reported on Monday afternoon. “Romano, 31, was nontendered by Toronto earlier this offseason and joins a Phillies bullpen that lost Jeff Hoffman and Carlos Estevez to free agency.”