Albert sat out Jacksonville's offseason workouts but participated in three days of preseason camp before releasing a statement last Monday that said he had made a decision to call it a career.
After declining to comment on the situation Monday the Jaguars released the following statement on Tuesday.
The Jaguars say the move came four days after Albert approached officials "about the opportunity to return to the National Football League at a later date".
With Albert's retirement, Jacksonville can recoup $US3.4 million in signing bonus money.
The Jaguars acquired Albert in a trade with the Dolphins in March.
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When looking at the specifics and the $8.875 million price tag he'd come with, it's easy to see why they wouldn't want him back due to his questionable commitment. The Dolphins signed Albert in 2014 giving him a signing bonus of $8.5 million.
If he plays this season, Albert would be owed almost $9 million but that salary is not guaranteed, nor is his $9.5 million 2018 salary. None of that money was guaranteed, which is why he wanted a new contract.
On the Jaguars' first depth chart of training camp, rookie Cam Robinson is listed as the starter at left tackle and seven-year pro Jeremy Parnell is on the top of the depth chart at right tackle. Albert worked with the first-team offense on the first day of camp but Robinson took reps there in the next two practices.
By July 31, Albert informed coach Doug Marrone he was retiring.
Albert hasn't played a full season since 2011 when he was with Kansas City, who selected him 15th overall in 2008.