The Raiders will release Renfrow on Wednesday, Tashan Reed of The Athletic reports.
The Raiders can add $11.8 million in 2024 cap space if they release Renfrow with a post-June 1 designation, Tashan Reed of The Athletic reports.
Renfrow, who didn't catch a single pass throughout the Raiders' final four games, ended the 2023 season with 25 total receptions for 255 yards on 37 targets in 17 contests.
Renfrow was not targeted in Sunday's 23-20 loss to the Colts.
Renfrow was targeted once in Monday's 20-14 win over the Chiefs, but he finished the contest without a reception.
Renfrow was unable to haul in either of his two targets in Thursday's 63-21 win over the Chargers.
Renfrow caught all five of his targets for 42 yards in Sunday's 20-13 loss to the Dolphins.
Renfrow caught his only target for five yards in Sunday's 16-12 win over the Jets.
Renfrow caught two passes for 32 yards on three targets in Sunday's 30-6 win over the Giants.
Renfrow caught two passes for 19 yards on four targets in Monday's 26-14 loss to the Lions.