The Packers are expected to release Graham on Thursday, Adam Schefter of ESPN reports.
This move has been rumored since the conclusion of the regular season. Once it's made, the Packers will free up $8 million in salary cap on the eve of free agency. Graham will have the ability to sign elsewhere immediately after accounting for 93 catches (on 149 targets) for 1,083 yards and five touchdowns over two modest campaigns in Green Bay.