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The Reds have declined Hannahan's option for the 2015 season, Chris Cotillo of MLB Daily Dish reports.
Hannahan got a rare start Sunday at first base and went 1-for-4 with a run scored. He also dropped a pop-up, which led to an unearned run.
Hannahan's 20-day rehab assignment for his shoulder injury ends on Sunday. Though he isn't yet ready to play third base, the Reds may still activate him in order to help at first while Joey Votto is out.
The Reds sent Hannahan (shoulder) on a rehab assignment with Low-A Dayton on Tuesday, C. Trent Rosecrans of the Cincinnati Enquirer reports.
Hannahan (shoulder) has resumed hitting and throwing, C. Trent Rosecrans of the Cincinnati Enquirer reports.