Khabibulin suffered a groin injury during Edmonton's 3-2 overtime loss to Chicago on Monday.
Khabibulin, a 40-year old veteran, has a 2.11 goals-against average and a .935 save percentage in five games this season with Edmonton.
Khabibulin is in the final year of a four-year contract with the Oilers.
The Oilers replaced Khabibulin with Yann Danis, who was recalled from the Oklahoma City Barons of the American Hockey League.
Danis, a five-foot-11, 182-pound goalie, has a 3.03 GAA and a .901 save percentage in 31 games this season with the Barons.