The person spoke to the AP on condition of anonymity Wednesday because the agreement, first reported by ESPN, is subject to a successful physical.
Having spent the entire 2018 season on the disabled list, Tulowitzki last appeared in 2017, when he slashed a pedestrian.249/.300/.378 in 260 plate appearances in yet another injury-plagued season.
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The Red Sox have their starting shortstop in Xander Bogaerts, but the same can't be said for the Yankees, as Didi Gregorious likely is sidelined until at least June as he recovers from Tommy John surgery.
Tulowitzki missed all of last season after undergoing ankle surgery in April.
Here's the headline: The New York Yankees reportedly are landing a five-time All-Star shortstop.
Once one of the best infielders in baseball, Tulowitzki hit hard times after being traded by Colorado to Toronto in 2015. The Jays will pay the 34-year-old roughly $20 million in 2019 and are responsible for the remaining $18 million over the next two years.