Carroll, 29, is averaging 12.2 points and 5.1 rebounds through 18 games for the Raptors, who currently sit in seventh place in the Eastern Conference standings.
The seven-year NBA veteran signed a four-year, $60 million deal with the Raptors in July. He spent the previous two seasons of his career with the Atlanta Hawks.
Last year, Carroll averaged 12.6 points and 5.3 rebounds per game for Atlanta.
He began his NBA career in Memphis, and also made stops in Houston, Denver and Utah.
The Raptors (12–9) host the Lakers (3–17) on Monday night.