The Saints waived Merritt on Tuesday, Mike Triplett of ESPN.com reports.
Merritt spent the majority of the 2021 campaign on the Dolphins' practice squad but joined the Saints in January via a futures deal. New Orleans had Merritt operating as both a running back and wideout during training camp, but aside from a touchdown grab in Week 2, he failed to make a major impact. Merritt now finds himself among a wave of cuts ahead of Tuesday's 53-man roster deadline.