Reed, who is still recovering from a torn ACL that he suffered on Dec. 24 against the Cleveland Browns last season, is ineligible to play for the team until after the sixth game of the regular season.
While Reed will return to the team after the game against the Dallas Cowboys on Oct. 14, it's uncertain how long he will be on the team after that.
But one thing is for certain, Reed will not be on the Ravens for the 2013 season.
Reed, who will be a restricted free agent next season, has severely underwhelmed in two seasons with the Ravens. Playing in 24 games, he has zero catches and just two rushes for 31 yards.
The only highlight of his career was a 103-yard kick return for a touchdown that he had in 2010 against the Houston Texans. However, that touchdown was overshadowed by an incident at his home three days prior to the game in which police raided his home on suspicion of possession of marijuana.
The culmination of Reed's struggles in Baltimore came on Nov. 13 last season in a game against the Seattle Seahawks. Reed fumbled two kickoff returns, and was the majority of the reason why the Ravens lost to the Seahawks.
Overall, Reed's career in Baltimore has been unsuccessful to say the least. When the team drafted him in the fifth round of the 2010 NFL Draft, he was expected to emerge as a top-three receiver on the team and contribute heavily on special teams. But, that plan hasn't worked out and it's time to move on.
With a crowded wide receiver group that includes three second-year receivers (Torrey Smith, LaQuan Williams and Tandon Doss) and two rookies (Deonte Thompson and Tommy Streeter), there is no need for Reed's services.
When free agency rolls around in 2013, the Ravens should make the logical decision and let Reed walk. Better yet, the team should make it easier and just release him sometime this season.