The 24-year-old Francisco, who has spent the past seven seasons in the Reds organization, will join the Braves on Monday for their final day of spring camp.
In 81 games at the Major League level during his career, Francisco has hit .284 with 11 doubles, five home runs and 29 RBIs.
Francisco, who opened the 2011 season with the Reds, spent most of the year at Triple-A Louisville, where he batted .307 with 23 doubles, 15 homers and 50 RBIs in 74 games.
Hoover, 24, was 25-19 with a 3.14 ERA in 99 appearances, including 61 starts, over four years in the Braves' farm system.
Jim Hawkins is a contributor to MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.