It was revealed earlier this week that the Bulls had been dealt a blow in their preparations for the new season as Rose had suffered the injury in practice, and it was initially feared that the point guard would not be ready for opening night.
However, the outlook now appears to be more promising for the 2011 MVP, who has missed 103 games in the last two seasons.
"He's still in great spirits, and again, it's not a structural injury," Bulls head coach Fred Holberg told reporters.
"When he comes back ready to go he should be able to go right back into it 100%, which, if you have something going on with one of your other body parts, it's going to be you gradually get back. You know, 50% load and then move all the way up from mid-restriction. I don't anticipate that in his case this will happen."
The Bulls take on the Cleveland Cavaliers in their season opener on October 27.