Lorenzen signed a one-year, $4.438 million contract with the Reds on Friday to avoid arbitration, Robert Murray of FanSided.com reports.
The 28-year-old is in his final year of arbitration eligibility and was able to reach a deal with the Reds ahead of Friday's deadline. Lorenzen entered the big leagues as a starter in 2015 but has worked as a reliever and occasional position player/pinch hitter over the past five seasons, but he's expected to be a member of the starting rotation in 2021.