Smith suffered a broken leg in week one, and had hopes to return late in the season as the Panthers made their post-season push.
"We have placed Steve Smith on IR (injured reserve), so he will be out for the season," Panthers Coach John Fox said. "He is going to be (out) an extended amount of time. He's not going to be out of the boot for a couple of more weeks. We are by no means trying to hurry him back. Just like with all of our injuries, we are trying to get them recouped the best we can. We've got some injuries and we need the roster spot."
Starting Running Back Stephen Davis did not practice today, and has been deemed OUT for this Sunday's game against the Seahawks in Seattle.
"Any time you can't play something that you love and that's your profession, it's frustrating" Fox said of Davis' outlook towards his knee injury. "I would imagine that he is right now. Until the medical people clear him and we evaluate him, even then if the guy doesn't look like he is 100 percent, I won't play him. We are not to that point this week with Stephen."
The Panthers elevated Rookie cornerback Eddie Jackson from the practice squad to fill Smith's roster spot.
Smith to IR; Davis Out vs. Seahawks
Panther Insider Top Stories
Bold Predictions for the Panthers in 2016The regular season is quickly approaching and with only one preseason game remaining, it means it is prediction time. These are four bold predictions for the Carolina Panthers for…
Panthers, Short Continue to Discuss ExtensionGeneral manager Dave Gettleman met with the media on Tuesday and said that contract negotiations with defensive tackle Kawann Short are still going on.
Panthers Trim the Roster With Round of CutsThe Carolina Panthers released four more players on Tuesday and placed Leonard Johnson on the reserve/non-football list to cut the team's roster to 74.
Updated Predictions for Panthers' Depth ChartThe Carolina Panthers have been active the past few days, releasing 11 players and trading for Andy Lee. The roster currently sits at 79 players and will need to get down to 53…
Panthers Trade for Punter Andy LeeThe Carolina Panthers addressed their biggest weak spot by trading for punter Andy Lee on Monday