The rehabilitation is going well, according to a source.
Rose, 23, injured the anterior cruciate ligament on April 28 during the first game of the Bulls' Eastern Conference quarterfinal series against the Philadelphia 76ers. Without Rose, the Bulls became only the fifth No. 1 seed to lose to an eighth seed as the Sixers won in six games.
Dr. Brian Cole performed the surgery on May 12 and said the recovery period is 8-12 months.
Bulls general manager Gar Forman recently praised Rose's rehabilitation during a Q&A on the team's website.
"Derrick Rose is doing terrific," Forman said. "He's been diligent in his rehab. He's made tremendous progress to this point.
"The surgery obviously was a huge success. The biggest thing that has been encouraging about Derrick has been his mentality towards the rehab. He's working each and every day, putting a lot of effort into it. We're optimistic that if he continues to make the kind of progress that he has that we will see Derrick back on the floor at some point next season."
ESPNChicago.com's Scott Powers and Melissa Isaacson contributed to this report.