Francisco, 34, signed on with the Blue Jays in late June but had not pitched for the team. In 3 2/3 innings of work earlier this season for the Chicago White Sox he allowed six runs – five earned.
In 391 career games Francisco owns a 4.01 ERA, 1.34 WHIP and 73 career saves.
The Blue Jays also released the 31-year-old Gimenez who was hitting just .241 between Double- and Triple-A.
Gimenez has appeared in 37 big league games between the Houston Astros, Los Angeles Dodgers and Chicago White Sox between 2006 and 2013. He hit just .216/.280/.330 with two home runs and 10 RBI during that span.
Both players will try to latch on elsewhere.