The deadline for FC Nantes to exercise the purchase option on Majeed has officially expired on Friday, August 2.
Waris, who joined the French Ligue 1 outfit on loan from Portuguese side FC Porto on a season-long loan deal in the summer, was impressive in the just ended campaign.
The 27-year-old made 24 league appearances for the Canaries, scoring five goals and recording three assists to help them finish 11th on the standings.
However, as his season-long loan comes to an end today, Nantes have not lifted the €6 million option to sign him permanently.
Waris will return to FC Porto where he is under contract until June 2022.
The Black Stars forward is yet to make an announcement on his next move but he has stated in the past that it is likely to be in France.