Brandon Coleman is now free to sign with another team.
The Saints did not tender the restricted free agent an offer, making him a free agent.
New Orleans could have offered him a tender at the lowest level, which would have given the team the option to match any offer he receives or turned into a one-year deal worth $1.9 million.
The Saints also allowed restricted free agents Delvin Breaux and David Parry to hit the market, as well as exclusive rights free agent center Jack Allen. Willie Snead was tendered at the lowest level.
Coleman caught 23 passes for 364 yards with three touchdowns last season.