The Hawks announced Tuesday that Bogdanovic is expected to make a full recovery before the start of the 2022-23 season.
Bogdanovic missed 19 games this past season, and a sore knee forced him to sit out Atlanta's final playoff game, a loss to Miami that clinched the Heat's 4-1 victory in the opening-round series.
In his second season with the Hawks, Bogdanovic averaged 15.1 points a game while shooting 37% from 3-point range.
The Hawks also announced that forward Jalen Johnson underwent a nonsurgical procedure on his left knee to relieve tendinitis. He is likely to recover in time for the start of training camp.
Johnson was the Hawks' first-round pick in 2021. He got in limited time for Atlanta as a rookie, averaging 2.4 points over 22 games.