"He's made good progress," head coach Matt LaFleur said after practice Friday, according to ESPN's Rob Demovsky. "He should be good to go."
Adams was limited in Friday's practice after sitting out Thursday with the injury suffered in the second half of last week's win over the Jacksonville Jaguars.
Green Bay did not give the 27-year-old an injury designation heading into the matchup with Indianapolis.
Adams is tied for the NFL lead with nine touchdown grabs despite missing two games due to injury. He has 61 catches (eighth in the league) and 741 receiving yards (10th).
Additionally, Green Bay received further positive injury news for its offense.
Wide receiver Allen Lazard has a chance to play against the Colts for the first time since Week 3 after being listed as questionable. Lazard underwent core muscle surgery.