The two-way contract is worth $650,000 at the NHL level.
Peluso, 29, has spent the bulk of his career with the Winnipeg Jets organization. In 142 games with the NHL club over four seasons, Peluso has registered four goals, 10 assists and 209 penalty minutes.
The six-foot-three winger also appeared in two games with the Washington Capitals in 2017-18, tallying four penalty minutes. He also skated in 38 AHL games with the Hershey Bears last season, where he scored seven goals and added four assists.