The 38-year-old wide receiver posted the news on his Twitter account.
"I'm no longer a Seahawk. I THANK the organization 4 the opportunity, I'm truly blessed beyond belief. My FAITH is intact & will NOT waiver."
Owens signed a one-year deal with Seattle earlier this month, just days before the first preseason game.
He played the second and third preseason games for Seattle but caught only one pass.
Owens did not play in the NFL last season. He has started 201 of the 219 regular-season NFL games he has played. He has 1,078 receptions for 15,934 yards and 153 touchdowns — the second most in league history.