The Panthers waived Davis (thigh) with an injury designation Wednesday, Mike Kaye of The Charlotte Observer reports.
Davis was picked up by the Panthers in June after impressing with a 41-446-5 receiving line with the UFL's Memphis Showboats earlier in the spring, but Carolina has now decided to part ways with the 25-year-old. If Davis clears waivers, he could revert to the Panthers' injured reserve and miss all of 2024 unless the two parties agree to an injury settlement.