WWE has released Velveteen Dream.
Mike Johnson at PWInsider first reported the news of Dream's release, which Fightful was able to quickly confirm.
Dream had not wrestled since the December 23, 2020 episode of NXT where he lost to Adam Cole. He was reportedly backstage at the May 11 episode of WWE Raw.
Dream was accused by underage fans of sexual misconduct in April 2020, which he denied, and again during the Speaking Out movement in mid-June, which he did not comment on, and was involved in a car accident in late June as well.
Dream hadn't been at many NXT tapings of late and hadn't wrestled in 2020. He had been coming to open ring, and there was growing concern in the company he was being set up to help coach classes.
Fightful Select reported Canyon Ceman emailed within WWE at about 4:45 to deliver the news to those in the company. Dream has a 30-day non-compete clause.
Dream's release comes one day after WWE released a handful of talent on May 19. You can view the list of released talent by clicking here.