"He's shown in the past he can help a contending club," Phillies general manager Ed Wade said.
Cincinnati obtained Class-A outfielder Javon Moran and left-handed pitcher Joe Wilson in the trade.
While the Phillies improved their pitching, their offense took a major hit when slugger Pat Burrell decided he will have season-ending wrist surgery on Friday.
Lidle probably will take Paul Abbott's spot in Philadelphia's rotation. Abbott is 1-6 with a 6.24 ERA in 10 starts since signing with the Phillies after being released by Tampa Bay.
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