According to Nick Cafardo, the Cubs had scouts watching Pedro Martinez workout, he also mention that Martinez fastball reach 94MPH. If the Cubs do sign him, I would imagine that he would go to the bullpen and the Cubs will DFA David Patton who pitches 1 time in a week (waste of a roster spot). If you could sign him to a 1 year 2 million and agrees to go to the bullpen, Jim Hendry better jump on that. The Rays also had scouts to watch him workout.
Steve Rosenbloom of the Chicago Tribune doesn't think Pedro Martinez is the answer for the Cubs.
I will keep you posted and I hope this goes through.