Russian winger Alexander Semin has a deal in place with the Kontinental Hockey League's Metallurg Magnitogorsk for the remainder of this season.
The Canadiens placed Semin on unconditional waivers Wednesday for the purposes of mutually terminating his contract.
Signed to the bargain-basement price of US$1.1 million on a one-year deal after being bought out by the Carolina Hurricanes, Semin was a colossal disappointment for the Canadiens.
The three-time 30-goal scorer with the Washington Capitals had just one goal and four assists in 15 games with Montreal. The move to put him on unconditional waivers came a day after Semin cleared regular waivers.
Semin, 31, was in his 11th NHL season after Washington picked him 13th overall in the 2002 draft.