The Rangers will now rely on backups J.P. Arencibia and Robinson Chirinos to determine who will get the start when the regular season opens against the Philadelphia Phillies on March 31.
"It is what it is. We'll look towards our depth and see where we go from here," Rangers general manager Jon Daniels said.
Soto, the National League Rookie of the Year in 2008, hit .245 with nine home runs and 22 RBI in 53 games last season.
"It's an opportunity for someone else," Rangers manager Ron Washington said. "Soto came in on a mission and it's unfortunate this came up, but we're going to move forward.""We've lost two everyday players and there is no way to sugarcoat that,''CORCORAN: Jurickson Profar’s shoulder injury latest malady to befall Texas Rangers