The right-hander's return gets Cleveland closer to full strength as the AL Central leader opens a 10-game homestand beginning Friday night against the Oakland Athletics.
Carrasco has been out since he was struck on the right forearm by a line drive hit by Minnesota's Joe Mauer. Carrasco, who has a history of being hit on the mound, was lucky to avoid a more serious injury.
He is 8-5 with a 4.24 ERA in 15 starts.
To make room for Carrasco, the Indians designated right-hander George Kontos for assignment. He appeared in six games.
Also, the Indians acquired right-hander James Hoyt in a trade with the Houston Astros for right-hander Tommy DeJuneas. Hoyt was assigned to Triple-A Columbus.