The Rays designated Lovelady for assignment Tuesday, Marc Topkin of the Tampa Bay Times reports.
Lovelady pitched a perfect ninth inning to pick up the save over the Guardians on Thursday.
Lovelady didn't allow a baserunner across 1.1 scoreless innings to pick up the save Saturday against Arizona.
The Rays activated Lovelady (forearm) from the 15-day injured list Thursday, Marc Topkin of the Tampa Bay Times reports.
Lovelady's (forearm) rehab assignment was transferred to Triple-A Durham on Tuesday, Steve Carney of StPeteNine.com reports.
Lovelady (forearm) was sent to the Rays' Florida Complex League affiliate Monday to begin a rehab assignment.
Lovelady (forearm) is scheduled to throw a bullpen session Thursday, Steve Carney of StPeteNine.com reports.
The Rays placed Lovelady on the 15-day injured list Saturday due to a left forearm flexor strain.
The Cubs traded Lovelady to the Rays on Saturday in exchange for Jeff Belge.
Lovelady was designated for assignment by the Cubs on Tuesday, Maddie Lee of the Chicago Sun-Times reports.