The Giants cut Proehl (undisclosed) from injured reserve with an injury settlement Thursday, Aaron Wilson of ProFootballNetwork.com reports.
Proehl is now eligible to sign with another team and also play this upcoming season after he went unclaimed on waivers and agreed to an injury settlement with New York. The 26-year-old receiver has played for several practice squads but has yet to take an NFL snap after being drafted in 2018 by the Bills.