General manager Stan Bowman said Friday he hopes to assign Huet to a team in Europe within the next few weeks. Huet's agent, Stephen Bartlett, told ESPN Chicago he's in talks with Swiss team Fribourg-Gotteron.
Huet, 35, won't be in training camp and may be claimed off waivers from the Stanley Cup champions.
Huet is entering the third year of a $22.5 million, four-year contract he signed in July 2008.
Huet saw limited duty in the second half of the 2009-10 season after Antti Niemi emerged as Chicago's No. 1 goalie. Niemi is gone, but veteran Marty Turco signed a one-year, $1.3 million free agent deal with Chicago in August and Corey Crawford is expected to back him up.
ESPNChicago.com's Jesse Rogers contributed information to this story.