Catenacci signed a contract with HCB Bolzano of the Austrian Hockey League.
Catenacci was demoted to the team's AHL affiliate Thursday.
Catenacci will be in the lineup for Saturday's matinee in Colorado.
The Rangers recalled Catenacci from AHL Hartford on Friday.
Catenacci earned a new contract with the Rangers after tallying nine points in 19 outings with AHL Hartford, TSN reports.
Catenacci was traded to the Rangers on Tuesday in exchange for fellow minor leaguer Mat Brodie.
Catenacci signed a one-year, two-way contract extension with the Sabres on Friday, the Olean Times Herald reports. The deal is worth $575,000 at the NHL level and $85,000 in the AHL.
The Sabres have assigned Catenacci to AHL Rochester.
Catenacci was called up from AHL Rochester on Saturday.
Catenacci was assigned to AHL Rochester on Wednesday.