Devils coach Peter DeBoer made the announcement during his pregame meeting with the media.
DeBoer said Schneider, who is dealing with a lower-body injury, will remain on injured reserve.
Schneider had declared himself ready to go following practice Saturday morning.
"I'm feeling good," Schneider said.
Schneider sustained his injury in a loss to the Vancouver Canucks on Oct. 24. There is no timetable on his return.
"I felt something throughout the day and during the game [on Oct. 24]," Schneider said. "I tried to take the day off [on Oct. 23] just to make sure I was 100 percent and feeling better. But as the game wore on, a couple plays here and there, felt worse than others. Sometimes you feel OK after the game, but sometimes you wake up and it's a lot worse. Fortunately, it wasn't too serious and I'm feeling 100 percent now."