Devils president and general manager Lou Lamoriello says the NHL team made the move to protect its rights, adding it will continue to work to sign Parise to a long-term contract.
The move means that Parise will be awarded a one-year contract in arbitration and become unrestricted July 1, 2012, unless he reaches a new deal with New Jersey.
Parise missed most of this past season after having surgery to repair a torn meniscus in his right knee in early November. He returned late in the season for a game.
Prior to his injury, Parise had been the catalyst of the Devils' offense for four seasons, scoring 146 goals.
Also, Lamoriello gave no clues when the Devils will name a new coach to replace the retired Jacques Lemaire.