The Rockies also sent 42 year-old pitcher LaTroy Hawkins to Toronto. Miguel Castro, along with two other minor leaguers, were sent to the Rockies in the deal. The original report did not involve Hawkins in the trade.
The 30 year-old Tulowitzki is owed $113.7 million through 2020 and will receive a $2 million bonus for being traded. His contract also converts to having a full no-trade clause from here on out.
Tulowitzki and Rockies manager Walt Weiss were seen in the manager's office after Monday's 9-8 loss to the Chicago Cubs. Many believe that there is no chance that the Blue Jays will turn and trade the shortstop to another team.
After the game, many believed the deal was not official, and would not comment on the trade.
Tulowitzki has spent his entire nine-year career with Colorado, after being drafted seventh overall in 2005, making his debut in 2007. The Gold Glove winner is a five-time NL All-Star, and was a favorite to win MVP in 2014 after starting with a .421 average, with seven home runs and 22 RBIs in the first month of the season.
A hip injury occurred on July 20th, which caused him to undergo a labral repair surgery in August, ending his 2014 campaign. The career .299-hitter is batting .300 with 12 home runs and 53 RBIs in 87 games this season.
Hawkins was also sent north of the border, after recording just two saves with Colorado this season. In his past 14 appearances, he has posted a 0.68 ERA in 13.1 innings, including 11 strikeouts and one walk, while allowing only seven hits.
The Blue Jays will be the 11th franchise that Hawkins has played for in his career, three more than any active player.
The Rockies sit in last place in the NL West with a record of 42-55. The Blue Jays are looking to snap a postseason drought that began in 1994, a year after they won the World Series.
Reyes spent 2 and a half years with Toronto, but was sidelined earlier this season with a cracked left rib, suffered in the fourth game of the year. The four-time All-Star is batting .285 with four home runs and 34 RBIs, along with 16 stolen bases in 69 games.
He spent the first nine seasons of his career with the New York Mets, and leads the franchise in triples and stolen bases.
The Blue Jays have made it official that they are in the playoff race for the long run, but still need another starter and bullpen piece if they want to stick around until October.