The National Hurricane Center said Wanda has been downgraded to a post-tropical cyclone and is expected to dissipate on Monday.
The system is currently located about 380 miles to the west-northwest of the Azores and is moving to the northeast at 25 mph.
That movement is expected to continue with further acceleration through Monday, according to the National Hurricane Center.
The maximum sustained winds were near 40 mph with some higher gusts.
Forecasters said the storm will merge with a frontal system by Sunday night and will dissipate on Monday.
Gale-force winds extend outward of about 70 miles from the storm’s center.
The estimated pressure is currently 1003 mb.
The National Hurricane Center said it would no longer post advisories for the storm.