Escobar signed a contract with the Cubs on Sunday, Venezuelan reporter Luis Enrique Morales reports.
Escobar was released by the Indians on Tuesday to allow him to pursue an opportunity to play in Japan this year, the Cleveland Plain Dealer's Zack Meisel reports.
Escobar was designated for assignment by the Indians on Thursday, MLB.com's Jordan Bastian reports.
Escobar was claimed off waivers by the Indians on Friday.
Escobar was recalled from Triple-A Reno on Monday.
Escobar was optioned to Triple-A Reno on Sunday.
Escobar was recalled from Triple-A Reno on Friday.
Escobar is expected to be recalled by the Diamondbacks on Friday.
Escobar was sent down to Triple-A Reno on Friday to make room for outfielder Peter O'Brien, Steve Berthiaume of Fox Sports Arizona reports.
Manager Chip Hale said Monday that Escobar will be moved to the bullpen.