Sources told NFL Network, The Athletic and ESPN on Monday that the Ravens are expected to release Ingram on Tuesday. The 10-year veteran also referenced his release on social media and thanked Ravens owner Steve Bisciotti.
"Thank you Mr.Bisciotti and the Ravens for being a first class organization," Ingram wrote. "I love the real ones in flock nation that supported me and showed love!
"My blood brothers, what's understood ain't gotta be explained. Best is still ahead, can't wait! Watch God work."
The 31-year-old running back also said he is not retiring and is "looking forward" to his next opportunity.
Ingram made his third Pro Bowl in 2019, when he rushed for 1,018 yards and scored a career-high 15 touchdowns in 15 games.
He had just 299 rushing yards in 11 games this season as he struggled to produce as the team's fourth-leading rusher. Ingram was inactive for the team's playoff games against the Buffalo Bills and Tennessee Titans.
Ingram played the first eight years of his career with the New Orleans Saints. He had his best season with the Saints in 2017, when he had 1,540 yards from scrimmage and 12 touchdowns in 16 games.
Ingram has 7,324 rushing yards and 62 rushing touchdowns in 132 career appearances.
The Ravens will save more than $5 million against the 2021 salary cap with Ingram's release. The early move also allows Ingram to get a head start on the free agency process.