Bogosian was suspended by the Sabres on Monday for failing to report to the Rochester Americans, the club's AHL affiliate.
If Bogosian clears, he will be free to sign with another club. Buffalo tried to trade the defenseman and was willing to retain 50% of his contract, according to TSN's Darren Dreger.
Bogosian, 29, is in the final year of a seven-year, $36-million contract he signed in 2013. He's carried an average annual value of $5.14 million.
The veteran blue-liner has been a healthy scratch numerous times this season. He's appeared in just 19 games, recording one goal and five points. He reportedly requested a trade out of Buffalo earlier in the campaign.