The Panthers captain has missed the past 22 games since sustaining a lower-body injury in a 5-2 loss against the Tampa Bay Lightning on Jan. 29.
Jovanovski took part in the morning skate for Thursday's game against the Boston Bruins and again Saturday morning.
"Jovo looks like he's a go there for tonight," Panthers coach Kevin Dineen said. "That's a heck of an addition to have our captain back in the lineup. He's been sorely missed and he'll be a great addition to have back.
"He makes a big difference with our group. Obviously, I took my time deciding which direction I was going to go captain-wise, but at the end of it Jovo just kept sticking out. And as much as his leadership ability was his on-ice play. It was a mixture of both of those last year. We're looking forward to having both his leadership and his play back on the ice."