Andersen (knee) will be waived by the Hornets, Sam Amico of Fox Sports Ohio reports.
Andersen (knee) was traded Monday to the Hornets for cash and a protected second round pick.
Andersen suffered a torn ACL at practice Friday, and will miss the remained of the year as a result, Tim Reynolds of the Associated Press reports.
Andersen finished with two points (0-1 FG, 2-2 FT), three rebounds and one assist across 11 minutes in Tuesday's 118-101 loss to the Bucks.
Andersen (coach's decision) didn't play in Cleveland's win over Boston on Thursday.
Andersen will be rested and not play in Friday's preseason contest against the Bulls, K.C. Johnson of the Chicago Tribune reports.
Andersen will start Wednesday's matchup against the Magic, John Denton of OrlandoMagic.com reports.
Andersen has agreed to a one-year deal with Cleveland, Adrian Wojnarowski of The Vertical reports.
Andersen scored seven points (1-5 FG, 5-8 FT) and pulled down a game-high 13 rebounds while adding two assists, a steal and a block in 24 minutes during Sunday's loss to the Spurs.
Andersen will not start Friday's Game 3 against the Spurs, Rob Fischer of Sport 56 WBHQ reports.