The 36-year-old pitcher, who signed a Minor League contract with the Yankees in December, had the deal voided by the organization on Wednesday, according to the New York Post.
Vizcaino tore his Achilles tendon during the Winter League season and is not expected to pitch in 2011. He also missed all of the '10 season and almost all of the '09 campaign because of arm trouble.
The deal Vizcaino signed with the Yankees would have paid him $750,000 if he had made the big league roster this season.
The Yankees were impressed enough with the way Vizcaino pitched for Aguilas Cibaenas of the Dominican Winter League this season, allowing just one run in 11 2/3 innings (0.77 ERA), that they signed him to a Minor League contract that included an invitation to Major League camp.
Vizcaino, who spent the 2007 season with the Yankees, last pitched in the Majors with the Indians in '09. He was released in June of that season after posting a 4.11 ERA in 11 appearances.
Vizcaino made at least 65 appearances a year in six consecutive seasons, the last coming with the Yankees in 2007, when he went 8-2 with a 4.30 ERA while working a career-high 77 games.
Jim Street is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.