Favors isn't expected to play much against the Oklahoma City Thunder, as he will be on a strict minutes restriction. He returned to practice this week and was a full participant Tuesday.
"I don't want to try to do too much too soon," Favors told Utah reporters Monday. "I want to get back into a rhythm and get in shape."
Favors originally injured the knee during the preseason and attempted to play through pain after missing the regular-season opener. The Jazz decided to shut Favors down after he had to exit a Nov. 14 loss to the Memphis Grizzlies after the pain had reached a threshold that rendered him ineffective.
The Jazz will still be without starting point guard George Hill, who will miss his sixth consecutive game due to a sprained left big toe.
Favors, 24, is a key part of the Jazz's core. He averaged 16.4 points, 8.1 rebounds and 1.5 blocks per game last season.
Utah is 15-10 despite four starters missing multiple games due to injuries.