Rykov will not receive a qualifying offer from the Rangers on Monday and will be an unrestricted free agent, Larry Brooks of The New York Post reports.
Rykov signed with HC CSKA Moscow of the KHL in early August, The Athletic's Rick Carpiniello reports.
New York activated Rykov (undisclosed) off non-roster injured reserve and assigned him to AHL Hartford on Wednesday.
Rykov is dealing with an undisclosed injury, Rick Carpiniello of The Athletic reports
Rykov officially put pen to paper on his two-year, entry-level contract with the Rangers on Monday.
Rykov has signed a two-year entry-level contract with the Rangers , Renaud Lavoie of TVA Sports reports.
Rykov picked up a pair of assists in HC Sochi's 3-2 overtime victory over Yaroslavl in KHL playoff action on Sunday.
Rykov was traded to the Rangers along with a second-round draft pick Thursday, with the Devils receiving Michael Grabner in return, Darren Dreger of TSN reports.