Stokley has dealt with injuries throughout the season, including issues with his knee and groin. He finished the season with 13 catches for 115 yards and no touchdowns.
It's unknown whether this is the end of Stokley's 15-year NFL career.
The Ravens signed Stokley during training camp because they needed a sure-handed receiver to play the slot on third downs after tight end Dennis Pitta dislocated his hip. With Pitta returning Sunday, Stokley's role was expected to decrease.
Stokley returned to the Ravens after playing his first four NFL seasons in Baltimore. Drafted in the fourth round in 1999, he will be remembered for scoring the Ravens' first touchdown in the 2001 Super Bowl.
Baltimore re-signed running back Bernard Scott, who was released Saturday when the team activated Pitta.