Krause, who is entering his fifth season, was signed to Green Bay's practice squad on Sept. 3 last year, then placed on Green Bay's active roster on Oct. 22 when Bubba Franks sustained a sprained knee. Krause had two catches for 11 yards and two special teams tackles.
The Packers showed little interest in re-signing Krause this off-season. Green Bay currently has five tight ends on its roster, including Donald Lee, Tory Humphrey, Jermichael Finley, Joey Haynos and Mike Peterson.
Terms of Krause's deal were not disclosed.
In other NFL transactions, the Oakland Raiders terminated the contract Tuesday of linebacker Akbar Gbaja-Biamila, the brother of Packers defensive end Kabeer Gbaja-Biamila. He had signed with the team earlier this off-season.