Bronson Arroyo’s option has been exercised. It’s semi-official, according to Ken Rosenthal of Fox Sports:

As expected, #Reds officially exercise Arroyo’s $11M club option. GM Jocketty has said he will try to sign Arroyo to extension.

We’ve already said that an extension is probably a bad idea, but I’m very happy to have Arroyo back in the fold for 2011.

I’m less excited over the fact that the Reds have reportedly exercised the option on LF Jonny Gomes. I love the big guy, but he was one of the two worst left fielders in the National League last year. If he is anything more than a bench player for the 2011 Reds, we may be in trouble.

For what it’s worth, I also hear that the contract options on Aaron Harang and Orlando Cabrera were declined. No big surprises there, but all that should be official very soon.