Woodhead, who aggravated his hamstring injury in the season opener, is eligible to return for the Nov. 19 game at Green Bay. His return would be a major addition to a Ravens offense that ranks No. 27 in the NFL.
In his first and only game with the Ravens, Woodhead showed how he was one of the few players on Baltimore's offense who created mismatches. He caught three passes for 33 yards on the opening drive before getting carted off the field in Cincinnati.
Woodhead signed signed a three-year, $8.8 million contract (including $4.25 million guaranteed) this offseason.
He had dealt with this injury earlier this year. He was sidelined for the past two preseason games because of an issue with his hamstring.
Woodhead, 32, has missed 27 games over the previous three seasons, including a Week 2 season-ending injury in 2016 after suffering a torn ACL while with the Chargers.
In a roster move, Baltimore promoted offensive lineman Maurquice Shakir from the practice squad and released wide receiver Griff Whalen, who caught four passes for 23 yards in two games. Parting ways with Whalen could indicate Mike Wallace (concussion) is ready to play this week after being sidelined last game.