I returned from a long hiatus and have a ripped pearlsack in my inventory from a LS that's no longer around. It's grayed out, I can't select it to throw it away, I'm unable to deposit it in my Mog House, and nothing shows up under my Linkshell menu for it.

Am I overlooking how to get rid of this thing? Anyone have any ideas? Or am I destined to have -1 inventory space?

I would ask in Naschat about that.

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Bump, was a fix found for this? returning player as well with the same issue...

Same answer as given above. More specifically is probably get all relevant details, char, sack details and pm Nasomi via naschat then wait and see if it's miraculously fixed one day.