The 33-year-old right-hander last pitched in 2016, going 2-6 with a 9.16 ERA in nine starts with the Los Angeles Angels.
He won Cy Youngs in 2008 and 2009, made four All-Star teams by age 27 and was a part of three World Series championships with the San Francisco Giants. But his velocity and effectiveness gradually diminished, in large part because of a series of injuries.
He threw no-hitters against the San Diego Padres in 2013 and 2014 but logged a mere 15 starts for San Francisco in 2015. The Angels signed Lincecum to a $2.5 million contract the following May, only to designate him for assignment three months later.
Nicknamed "The Freak," the 5-foot-11 Lincecum pitched at a scant 170 pounds with the Giants, but he appeared on social media this winter sporting a more muscular frame.
Information from ESPN's Jerry Crasnick was used in this report.