Thompson suffered the injury in Game 6 of the NBA Finals, which the Warriors eventually lost as the Toronto Raptors clinched the NBA title.
Per Wojnarowski, the five-time All-Star is expected to make a full recovery, although there is no timetable for his return. The current plan is to follow the standard recovery time of five-to-seven months.
"While we are optimistic on a return as quickly as possible, Klay and the team are committed to taking the necessary time with the process,' Thompson's agent Greg Lawrence added, per Wojnarowski.
Despite the injury, Thompson agreed to a new five-year contract worth $190 million to remain in Golden State, according to Connor Letourneau of the San Francisco Chronicle. Letourneau added an interesting note regarding the timing of a possible Thompson return:
This long-term deal could force the Warriors to be more conservative with Thompson during his recovery.
Although he could theoretically be back by December based on the early estimate, the team is apparently planning to keep him out until later in the year.
"The feeling internally is that he will be back some point February or March kind of as the target dates," Nick Friedell said on ESPN last week (via Dan Feldman of NBC Sports).
This would still give him plenty of time to get back up to speed for the playoffs and help the Warriors once again contend for a title in 2020.
With Stephen Curry, Draymond Green and the newly acquired D'Angelo Russell, there should still be enough talent to keep Golden State near the top of the standings in the Western Conference until Thompson is 100 percent.