MONTREAL – Montreal Canadiens general manager Marc Bergevin announced on Monday that the team has bought out the contract of Pierre-Alexandre Parenteau. The 32-year-old forward was under contract with the Club until the end of the 2015-16 season.

"I would like to thank Pierre-Alexandre for his time as a Montreal Canadien and wish him the best with his career. It was a difficult decision to make, but we feel it gives us more flexibility as we continue to improve our club and provide our young prospects with an opportunity to earn a spot on our roster," said general manager Marc Bergevin.

Parenteau was acquired by the Canadiens from the Colorado Avalanche on June 30, 2014 with a fifth round pick in 2015, in return for forward Daniel Brière. Parenteau recorded 22 points (8 goals, 14 assists) in 56 regular season games with the Canadiens in 2014-15.