According to Mike Fisher of 105.3 The Fan, Prescott could be "100 percent by April."
He suffered the serious injury during a Week 5 victory over the New York Giants and required two ankle surgeries. Fisher reported the second surgery was more about "strengthening and clean-up."
A clean bill of health would be welcome news for both sides as they continue negotiations on a long-term deal.
ESPN's Jeff Darlington reported on Get Up! that Dallas will "probably" use the franchise tag on the Mississippi State product for a second straight year. He added, "It does not sound as if any progress has been made in a long-term extension."
Prescott played the 2020 campaign on a one-year, $31.4 million contract after being given the franchise tag.
The injury clouded his future, but he is still 27 years old and apparently well on his way to a full recovery. When healthy, he is a franchise cornerstone as a two-time Pro Bowler who threw for more than 3,300 yards in each of his first four seasons.
Whether Dallas decides that production is worth paying for in the long run remains to be seen, but a number of teams would be thrilled to have Prescott hit the market as part of an offseason of quarterback drama that also includes questions about the futures of Deshaun Watson and Russell Wilson.
That is especially true since it appears he will be healthy in 2021.