Gosselin, 29, was signed in the offseason to provide a veteran presence on the Cincinnati bench, but he went 3 for 24 (.125) at the plate with eight strikeouts and a home run.
He was originally a draft pick of the Braves in 2010 and spent parts of three seasons with the club, batting .282 in 70 games.
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The other veteran bench player brought in during the offseason – Cliff Pennington – is also gone as the team has gone younger following a disastrous 3-15 start.
Gosselin and Pennington have been replaced by 25-year-olds Alex Blandino and Rosell Herrera.
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The Reds also announced left-handed reliever Amir Garrett has been placed on the bereavement list.
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