The Tampa Bay Buccaneers are expected to waive third-year SS Larry Asante, a source told Thesidelineview.com.
Asante is part of a fairly deep safety group which includes starters SS Mark Barron and FS Ronde Barber and fellow backups Cody Grimm and Ahmad Black.
Asante, who was originally selected by the Cleveland Browns in the fifth round 2010 NFL Draft, was signed off the Browns' practice squad in November of 2010.
Should the Buccaneers waive the defensive back on Thursday by 4:00 p.m. ET, Asante could be claimed off waivers by another team on Friday.
Asante has two years left on his contract and carries a base salary of $540,000 for the 2012 season.
The Colts, who hold the first waiver position, have an opening for a backup at strong safety.
UPDATE: A source confirmed Asante was not waived Thursday. The transaction will go through on Friday.