Davis has not featured for NBA champions the Lakers since exiting against the Denver Nuggets on February 14.
The 28-year-old was examined by team doctors on Friday – before the Lakers resumed their title defense following the All-Star break, with Davis cleared to enter the next phase of his return to play process.
At least another fortnight on the sidelines would mean Davis missing a minimum of nine games, including Friday's matchup against the Indiana Pacers.
It has been tough for Davis and the Lakers coming off a shortened offseason after ending their 10-year title drought in 2019-20 inside the Orlando bubble amid the coronavirus pandemic.
Davis is averaging 22.5 points per game this season – his lowest since his second year in the league with the New Orleans Pelicans (20.8).
The eight-time All-Star's average of 8.4 rebounds in 2020-21 is the lowest since his rookie season (8.2) in 2012-13.