The Pirates have signed RHP Chris Volstad to a minor league deal, Matt Eddy of Baseball America tweets. Volstad was a top prospect with the Marlins back in the day, but despite being 6'8" he has only average velocity and has always been very hittable. After struggling in the Marlins' rotation for three and a half years, Volstad had a terrible 2012 season with the Cubs. He spent most of 2013 in AAA with Colorado and had a mediocre season there, then split 2014 between the Angels' AAA affiliate and Korea, posting an ERA over 6.00 for both.
I'm not sure this one qualifies as a reclamation project because there doesn't seem to be anything to reclaim. Volstad may have to go to Altoona, with the Indianapolis rotation looking fairly full.
UPDATE: The Pirates have announced that they've also signed right-handed reliever Josh Wall to a minor league deal with an invitation to major league spring training. They claimed Wall off waivers from the Angels back in May 2014 and he pitched the rest of the year for Indianapolis. He was outrighted off the 40-man roster at the end of July and became a free agent after the season.