Parker, 28, was signed by the Giants as a free agent prior to the 2014 season. He had 36 catches for 418 yards and two touchdowns last season.
In the Giants first two games this season Parker dropped five passes.
Giant fans have been clamoring for this since Sunday's loss. Parker simply played his way off the roster by not converting in big spots the first two weeks. He is also no longer needed in the return game since Dwayne Harris is flying high.
The frustrating aspect of this is that the Giants let WR James Jones go in favor of Parker. A bad move, by all accounts.
But the truth of the Jones situation is that he did not want to stay here if he was going to be the team's fourth or fifth receiver. Once his old team, the Packers, lost Jordy Nelson for the season, he saw a better opportunity with them and angled for his release.
Jones has already scored three TDs for Green Bay in the first two weeks.