Raanta signed a one-year contract with Geneve-Servette HC of Switzerland's National League on Monday.
Raanta has concluded his NHL career but will continue playing in Europe, the NHLPA announced Tuesday.
Raanta was promoted from AHL Chicago on Tuesday, Walt Ruff of the Hurricanes' official site reports.
Raanta is on waivers Thursday, according to Chris Johnston of The Athletic.
Raanta (lower body) was removed from injured reserve on Wednesday, Walt Ruff of the Hurricanes' official site reports.
Raanta (lower body) will be be out for at least a couple of weeks, according to Walt Ruff of the Hurricanes' official site.
Raanta will protect the home goal versus the Coyotes on Saturday.
Raanta saved 23 of 25 shots in a 3-2 win over New Jersey on Saturday.
Raanta is expected to be between the home pipes Thursday versus New Jersey.
Raanta turned aside 14 of 17 shots in Sunday's 5-2 loss to Minnesota.