Olausson was not tendered a qualifying offer from Minnesota on Monday, PuckPedia reports.
Olausson is now an unrestricted free agent, so he can sign with any team July 1, however, he signed a contract with Frolunda of the SHL in May. The Swedish winger contributed 12 goals and 29 points across 63 appearances with AHL Iowa this past season. The No. 28 overall pick in 2021 has just four games of NHL experience to his name.