Swisher, who remains as one of the top free-agent hitters still available, was reported earlier this week to be planning a trip to Cleveland, so this most recent news does not come as a huge surprise.
The Indians acquired outfielders Michael Brantley and Drew Stubbs from the Cincinnati Reds last week and are now looking to complete their outfield after failing to sign Shane Victorino at the MLB Winter Meetings.
Swisher, 32, has played at least 148 in each of the past seven seasons. Last season, he carried a .272 batting average along with 24 home runs. In his nine-year MLB career, Swisher has batted .256 with 209 career home runs, 673 RBIs and 684 runs. He was voted as an All-Star in 2010.