Holiday, 24, has missed the last 16 games with the injury, and the Pelicans have gone 9-7 without him. In 37 games this season, he has averaged 15.2 points, 7.1 assists, 3.5 rebounds and 1.6 steals while shooting 44.4 percent from the field and 36.7 percent on threes.
He missed the last 48 games of last season with a stress fracture in his right tibia and has been out since last month with a stress reaction in that same bone.
Holiday was an All-Star in his final season with the 76ers in 2012-13, averaging 17.7 points and 8.0 assists per game. He was traded to the Pelicans in June 2013 in a package centered on No. 6 pick Nerlens Noel.
With Holiday's return delayed until next month, the Pelicans also announced they have signed point guard Toney Douglas to a second 10-day contract.
Led by MVP candidate Anthony Davis, the Pelicans are 27-26 this season. They are the No. 10 seed in the Western Conference, 1.5 games behind the Phoenix Suns for the final playoff spot.
- Phil Watson