Tom Pelissero of NFL Network reported the news. The deadline to opt-out of the upcoming season was today at 1 p.m. PT.
Coleman joins wide receiver Travis Benjamin, who on Tuesday announced his decision to opt-out of the upcoming season due to concerns over his health and that of his family.
San Francisco in March re-signed Coleman to a one-year deal before he hit free agency.
Coleman, 28, landed on injured reserve in August after suffering a fractured fibula and dislocated ankle during the 49ers' preseason opener against the Dallas Cowboys.
The Cleveland Browns made Coleman a third-round selection out of Auburn in 2016. He has 23 game appearances and 16 starts through his three NFL seasons.
San Francisco initially acquired Coleman by trading a seventh-round pick in the 2019 draft to Cleveland on August 31, 2018.
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