In a corresponding move, Chicago placed right-handed reliever Allen Webster on the 10-day injured list with radial nerve inflammation.
Cedeno, 32, had been suffering from left wrist inflammation to open the season. He posted a 5.40 ERA in 10 relief appearances split between Double-A and Triple-A amid a recent rehab stint. He had a 2.43 ERA in 48 relief appearances for the White Sox and Brewers in 2018.
Cedeno will be available when the Cubs host the Brewers on Saturday afternoon.
Webster has a 4.91 ERA in 12 appearances for the Cubs this season.