Jones suffered a right foot fracture running a go route during the Falcons' Week 5 loss to the New York Jets on Oct. 7 of last year.
"He's well on his way," Smith said of Jones following Monday's Senior Bowl practices. "He's met all the marks that they've set for him in terms of the timetable. So we're pleased with what he's done up to this point.
"He's been spending a lot of time back in Atlanta and in Flowery Branch through the middle parts of the week with our athletic performance department. And he is on schedule to be back in the spring."
Jones had 41 catches for 580 yards and two touchdowns in just five games this past season. His return will give the offense much-needed jolt and give Matt Ryan back his most explosive deep threat, provided Jones is fully recovery from the injury, as expected.
Also on the injury front, linebacker Akeem Dent is scheduled to get a second opinion on the right ankle he injured this past season. Dent is likely to undergo a minor cleanup procedure on the ankle.