Bob Nightengale of USA Today added Wednesday that pitcher Ross Stripling is also expected to be traded to the Angels, while two prospects join Rengifo on his way to the Dodgers.
Pederson, 27, spent his first six MLB seasons in Dodger blue. He hit .249/.339/.538 with 36 home runs and 74 runs batted in last year as the Dodgers used him at all three outfield spots. It was a marked improvement from his disappointing 2017, during which he set career lows in nearly every major category.
One of the most highly touted prospects in recent Dodgers memory, Pederson made the All-Star Game as a rookie in 2015 and looked like a middle-of-the-order power bat for years to come.
That power emerged in 2019, highlighted by a career-high .538 slugging percentage.
Rengifo, 22, had seven home runs and 38 RBI while hitting .238 in 106 games for the Angels last season. The shortstop was ranked as the Angels' 10th-best prospect in 2018 before getting the call-up one year later.