Price, a former third-round pick of the New England Patriots, was claimed off waivers by the Jaguars in 2011.
Price suffered a stress fracture in his foot last year, and was still attempting to come back from that injury, when the Jaguars made Monday's move.
Jacksonville also waived/injured rookie offensive lineman Stephane Milhim, leaving the team's camp roster at 88 players.
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This story originally appeared on Nationalfootballpost.com
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