Waller won't play in Friday's preseason contest at Jacksonville, Darin Gantt of the Panthers' official site reports.
Waller officially signed with the Panthers on Monday, at which time coach Dave Canales told Mike Kaye of ESPN.com that the tight end wasn't likely to practice fully at Wednesday's joint session with the Jaguars. Carolina thus is easing the 33-year-old into the mix with his new squad, but once Waller is up to speed he'll join Tommy Tremble, Mitchell Evans and Ja'Tavion Sanders as the players at the position available to QB Bryce Young.