The retired star linebacker is considering joining his former team's front office as a scout, according to Bill Voth of the Panthers' official site.
In January, Kuechly shockingly retired at 29 years old after eight Hall of Fame-caliber seasons in the NFL.
The Panthers officially placed Kuechly on the reserve/retired list Tuesday.
By waiting to do so until after June 1, the club is able to spread the veteran's $11.84-million cap hit over the next two seasons. He will account for $4.71 million in 2020 and $7.13 million in 2021.
Kuechly was widely viewed as one of the best defensive players in the NFL throughout his career.
After being taken at No. 9 during the 2012 draft, the linebacker made seven Pro Bowls, earned five first-team All-Pro nods, and won Defensive Player of the Year as a sophomore in 2012.