"I will not retire," Tejada told ESPNdeportes.com Friday. "I didn't have a good time in San Francisco, but there are always highs and lows in life."
A permanent fixture in the winter league, Tejada said he will play in the Dominican Republic to get back in shape.
"I will play winter ball with the Aguilas Cibaenas as part of the process of staying active," Tejada said ahead of what will be his 16th winter league season. "In the winter I will work to return. It's not the first time that a player has a bad year and then comes back."
The Giants released Tejada Thursday, along with outfielder Aaron Rowand. Both players may sign with any team, but they would be ineligible for the playoffs should a contender pick him up.
"Right now I'm just having a good time with my family, and at home waiting to see what happens," Tejada said.
Tejada, 37, hit .239 in 343 at-bats with the Giants, who still owe him about $1 million of his $6.5 million salary for this season.
The six-time All-Star has a career average of .285 with 304 home runs, 1,282 RBIs and 1,215 runs scored in 15 seasons with Oakland, Baltimore, Houston and San Francisco.
Tejada was AL MVP in 2001 and has had at least 100 RBIs in six seasons.
Enrique Rojas covers Major League Baseball for ESPNdeportes.com.