The 21-year-old still hopes to participate in the scouting combine - which begins Feb. 27 - and then work out at his pro day on March 11.
Shenault is a projected first-round pick. In theScore's most recent mock draft, the Buffalo Bills selected him 22nd overall.
It was reportedly feared the wideout had suffered another core injury, an issue he struggled through during his final year with the Buffaloes.
But his agent, Damarius Bilbo, told Schefter that Shenault will be ready to showcase his talent to NFL teams after recovering from the minor ailment with a little rest.
Shenault caught 142 passes for 1,775 yards and 10 touchdowns in his final two collegiate seasons.