Schneider has one year left on a deal scheduled to pay him $5.75 million.
"We'll see what happens now that he's on waivers. We'll see if he clears or he's claimed and we'll go from there," Ducks GM Brian Burke. "He's a good player and a good guy. His age and his salary are a factor for any team bumping up against the cap."
The Los Angeles Kings are believed to have had trade talks for Schneider with the Ducks, but the two sides couldn't find a fit.
"Anaheim has been open, professional and communicative with Matthieu and I throughout the summer and we anticipate that a resolution will be achieved in the form of a waiver pickup or a trade in the near future," Schneider's agent, Pat Morris of Newport Sports, said. "Until either eventuality comes into play Mathieu will perform to his usual high standards with the Ducks. He is in excellent shape and eagerly awaits his return to the ice after too long of a summer."
The Ducks need to get under the league's $56.7 million salary cap in order to possibly re-sign veteran winger Teemu Selanne, an unrestricted free agent who has been skating with the Ducks but has yet to officially tell the team he's returning.
Schneider had 39 points (12 goals, 27 assists) and a plus-22 rating in 65 games last season.
Pierre LeBrun covers the NHL for ESPN.com.