Peters, a third-round draft pick in 2010, has started 30-of-31 career games for Atlanta. He has been sidelined since May because of a stress fracture in his left foot.
Peters is likely to work behind Peria Jerry when the Falcons (6-0) visit Philadelphia (3-3) on Sunday.
Atlanta waived cornerback Terrence Johnson to make room for Peters on the 53-man roster.
Starting right guard Garrett Reynolds is listed as questionable for Sunday. He was limited in practice this week with a sore back.