Vizcaino last pitched in the Majors with the Indians in 2009. The Dominican Republic-born pitcher has a 4.33 career ERA in 11 seasons. The Yankees have not confirmed the report.
Signed to a Minor League deal, Vizcaino can make $750,000 if he makes the big league club, according to the report.
Vizcaino hasn't pitched in the Majors or Minors since the Indians released him in 2009, but his stock rose this winter after an effective stint for the Dominican Winter League, MLB.com's Tom Singer reported on Thursday.
Vizcaino posted a 4.11 ERA in 15 combined appearances for the Cubs and Indians in 2009, but before '08 he shouldered a heavy load. From '02-07, Vizcaino never pitched fewer than 62 innings, and he reached a career-high 81 1/3 with the Brewers in '02.