Colquitt was waived by the Falcons on Monday, Tori McElhaney of the Falcons' official site reports.
Colquitt appeared in six games for Atlanta during the 2021 campaign, but he missed the last two contests after he was placed on the reserve/COVID-19 list. He'll now be let go by the Falcons since Thomas Morstead has punted well in Colquitt's absence.