Pezzetta was placed on waivers by Toronto on Friday, per PuckPedia.
Pezzetta will be sent to AHL Toronto if he passes through waivers. The 28-year-old spent most of the season with the Marlies, notching four goals, six assists and 52 PIM in 38 regular-season games. He played in nine NHL games as well, picking up 35 PIM with nary a point in a fourth-line role.