The St Louis Cardinals have acquired five-time MLB All-Star Nolan Arenado in a blockbuster trade with the Colorado Rockies.

St Louis and Colorado announced the deal on Monday, with the Cardinals sending Austin Gomber, Elehuris Montero, Tony Locey, Mateo Gil and Jake Sommers to the Rockies in exchange for Arenado and cash considerations.

The Cardinals will reportedly receive $50million in cash, new deferrals in Arenado's contract that has six years and $199m remaining, and the waiving of his no-trade clause.

Arenado signed an eight-year, $260m contract with the Rockies prior to the 2019 season but Colorado opted to deal the eight-time Gold Glove Award winner.

The 29-year-old was hampered by soreness in the AC joint of his left shoulder during the coronavirus-shortened 2020 season, tallying 46 hits, 23 runs, eight homers and 26 RBIs in 182 at-bats for the Rockies – who missed the playoffs.

Arenado was coming off a career-best .315 with 41 home runs and 118 RBIs in 2019.

A Gold Glove winner in each of his eight seasons in Colorado, where he made his debut in 2013, Arenado has amassed 1,206 hits, 649 runs, 235 homers and 760 RBIs at an average of .293 in his career.

In the postseason, the four-time Silver Slugger and four-time Platinum Glove winner has two runs, one homer and three RBIs while averaging .190 in 21 at-bats.

The Cardinals, who lost in the Wild Card Round last season, quickly become favourites to win the National League (NL) Central, which consists of the Chicago Cubs, Cincinnati Reds, Milwaukee Brewers and Pittsburgh Pirates.

Not since 2011 have the Cardinals won the World Series.