The Pirates placed Peguero on outright waivers Tuesday, Danny Demilio of PittsburghBaseballNow.com reports.
Peguero will lose his place on the 40-man roster after appearing in just 33 MLB games in 2025, during which he slashed .200/.273/.363 over 88 plate appearances. If the 24-year-old passes through waivers unclaimed, he will most likely begin the 2026 season at Triple-A Indianapolis.