The New Orleans Saints cut Adrian Petersen on Monday, the team announced.
The move comes just days after the team signed Peterson to a two-year deal worth $10 million, a source told ESPN’s Adam Schefter.
Peterson, the second-leading rusher in the NFL this season behind Adrian Peterson (5.7 yards per carry), will be eligible to sign with any team as soon as Thursday.
Peterson had an offer sheet from the Dallas Cowboys.
The deal is not a surprise.
The Saints were looking for an upgrade at running back and Peterson was a prime candidate.
He was a top-10 pick out of high school and was a four-time All-Pro in 2013.
But injuries and the franchise tag, which is set to expire at the end of the season, forced the Saints to make a move.
The franchise tag allows teams to tag players who have been suspended for at least one game or who have played at least 20 percent of their team’s snaps in a season.
Peterson has been suspended five games by the NFL since he was arrested for child molestation and domestic violence charges in 2014.
Peterson said last year he had received treatment for alcohol abuse and that he was working on his recovery from a torn ACL he suffered in the 2014 season opener.
Peterson missed the final two games of the 2015 season because of a knee injury and missed the first two games this year with a concussion.
Peterson’s injury forced the team to part ways with running back Alvin Kamara and tackle Tyron Smith.
Peterson was also a part of a deal that brought back running back Adrian Peterson from injury in 2017.
The Rams signed Peterson last week to a one-year contract worth $6.25 million.