It was previously reported via Dave Meltzer of Wrestling Observer Radio that Austin Aries asked for his release from WWE and the company granted it. However that doesn’t appear to be the case.
In the latest installment of Wrestling Observer Radio, Melzter claimed that it was actually WWE’s idea to release Aries from his 3-year contract with the company. The word is that a lot of the writing staff didn’t like him and he appeared to be thrilled when he was handed his release because he wasn’t happy with his current position on the roster.
In regards to his future, Aries can still use his name outside of WWE because he used it prior to signing with the company. Aries is locked into a 90-day period where he is being paid by WWE and can work dates that WWE proves during that time.