Figueredo, who was 6-foot-1 and 175 pounds, did not pitch during the 2016 season after being placed on the suspended/restricted list for an undisclosed reason.
He was not considered a top prospect, but the left-hander enjoyed success in 2015, his first season pitching in the organization. Figueredo was 5-0 with a 1.89 ERA in 12 games (11 starts) for the Rookie-level Dominican Summer League Yankees, striking out 52 and walking 22 in 57 innings.
According to the Notitarde report, Figueredo had most recently pitched for the Bravos de Margarita of the Venezuelan Professional Baseball League. He lived with his mother and two sisters in Guacara.
Bryan Hoch has covered the Yankees for MLB.com since 2007. Follow him on Twitter @bryanhoch and on Facebook. This story was not subject to the approval of Major League Baseball or its clubs.