Reese was waived by the Nuggets on Friday.
The 23-year-old big man was sent to Denver on Aug. 19 as part of the multi-team trade involving Peyton Watson (hamstring). However, Reese will now have to explore other opportunities if he clears waivers. Over 13 regular-season appearances (10 starts) with the Wizards last season, he averaged 11.8 points, 10.5 rebounds, 1.8 assists, 1.4 steals and 0.6 blocks in 30.9 minutes per showing.