The Seahawks waived Swain on Tuesday, Jeremy Fowler of ESPN.com reports.
After missing Seattle's preseason opener due to a back injury, Swain didn't do much with his opportunities in the team's final two exhibitions, gathering in just one of his four targets for six yards and returning two punts for nine yards. Behind top wide receivers Tyler Lockett and DK Metcalf, Swain was competing with the likes of 2021 second-round pick Dee Eskridge, Marquise Goodwin (hamstring), seventh-round rookie Bo Melton and Penny Hart for a roster spot. Swain is subject to waivers, but if he goes unclaimed he'll be free to sign with any organization.