For now, Minnesota officials are content with continuing forward with a roster that includes Tyus Jones, a first-round pick in 2015, moving into the starting lineup and Jamal Crawford playing minutes at the point with the second unit, sources said.
Teague, 29, underwent an MRI exam on Thursday, which sources said revealed no structural damage to the knee.
"It's about as good as you can hope for," coach Tom Thibodeau said. "No structural damage. He didn't have much swelling. He was walking around today."
Thibodeau said Teague had the same issue earlier in his career.
"The fact that he had this injury once before when he was a rookie, so I think he understands what he has to go through," he said.
Teague has averaged 13.4 points and 7.3 assists for the Timberwolves this season. He signed a three-year, $57 million contract with Minnesota in July.
The Associated Press contributed to this report.