Nnamdi Asomugha will reportedly be released by the San Francisco 49ers on Monday.

NFL.com's Ian Rapoport broke the news on Twitter, reporting the veteran will make way for Eric Wright on San Francisco's roster.

UPDATE: Tuesday, Nov. 5, at 5:12 p.m. ET

A day later Asomugha is officially a free agent according to Field Yates of ESPN Boston:

---End of update---

It is quite a change for the 32-year-old cornerback after being considered one of the best cover corners in the league a few years ago. After dominating with the Oakland Raiders for the first eight seasons of his career, the Philadelphia Eagles signed him to a massive five-year, $60 million contract back in the summer of 2011, but it only went downhill from there. They cut him before the 2013 season started.

The 49ers then signed Asomugha back in April to a one-year contract that could have been worth up to $3 million, none of which was guaranteed. The deal was viewed as an opportunity for Asomugha to prove himself once again.

However, it hasn't worked out. He's been routinely burned in the secondary and has looked like a shell of his former self from his years across the bay with the Raiders.    

With much expected of Asomugha and his continued decline, it's no surprise that San Francisco has seen a drop defensively. It ranks eighth in passing yards allowed per game, down from fourth last season, while Football Outsiders puts the 49ers at No. 11 in pass defense, where they were sixth at the end of last season.

So far, though, 2013 has been a year to forget for Asomugha, and it's only going to be worse should he officially get cut by the 49ers.

Asomugha is in his 11th season in the NFL. In 157 games, he has totaled 407 combined tackles, two sacks and 15 interceptions.