Austin, who signed a one year, $2.3 million deal with the team in March, caught 13 passes for 224 yards and one touchdown this season. Austin has had just one reception for 12 yards in his last four games in 2015.
The 31-year-old spent last season with the Cleveland Browns, appearing in 12 games before the team placed him on injured reserve with a kidney injury. In 2014, he caught 47 passes for 568 yards and two touchdowns.
Prior to his time in Cleveland, Austin spent eight seasons with the Dallas Cowboys, during which he was a two-time Pro Bowl selection and led the NFC in receiving yards in 2009.
In Philadelphia’s 35–28 win over the New England Patriots on Sunday, Austin was listed as the seventh active wide receiver on the Eagles’ roster.