According to multiple media reports, the Habs notified the veteran blue-liner of the pending move. The team has not made any announcements.
The 35-year-old has one year and $4.5 million US left on his current three-year contract that carries a cap hit of $4.25 million.
Kaberle recorded three assists in 10 games for the Canadiens last season and was a plus-4. In 984 career regular-season contests, the Rakovnik, Czech Repbulic native has 87 goals and 563 points to go along with a plus-17.
Originally selected in the eighth round (204th overall) by the Toronto Maple Leafs in the 1996 NHL Entry Draft, the six-foot-one, 214-pound rearguard has also played for the Boston Bruins and Carolina Hurricanes.
Earlier this year, Montreal used its first compliance buyout on veteran centre Scott Gomez.