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Gresini's interest in Redding has been fairly well documented, including here on Crash, but things have moved further now, and as David Emmett of Motomatters reported yesterday, "Negotiations with Redding are close to completion." Not quite a done deal yet then, but looking very likely to happen.
Redding makes sense for the team because he comes relatively cheap (JR would be much more expensive), and he would be good for sponsor San Carlo in their new UK market. He's also viewed as great up-and-coming talent.
Unfortunately for JR, he might just have arrived a little too late in the game to nab a ride..