The Cubs recalled Alcantara from Triple-A Iowa on Wednesday, Taylor McGregor of Marquee Sports Network reports.
The Cubs optioned Alcantara to Double-A Tennessee on Friday, Meghan Montemurro of the Chicago Tribune reports.
Alcantara is slashing .317/.391/.532 with six home runs, three steals and a 24.4 percent strikeout rate in his last 37 games for High-A South Bend.
Alcantara was optioned to High-A South Bend on Friday.
Alcantara went 4-for-6 with two homers, a triple, eight RBI and three runs for Single-A Myrtle Beach against Carolina on Sunday.