Gray tore his Achilles tendon last November during the Longhorn's 47-40 overtime win over the West Virginia Mountaineers. Prior to that, he had amassed 780 yards and four touchdowns on the year for Texas, who went 8-5 last season.
Fowler reports that Gray been working out throughout the summer while recovering, but now doctors are ready to give him full clearance.
On Thursday, Gray was named to the Doak Walker watch list, an award given to the nation's top college running back each season.
The Longhorns open 2014 at home against North Texas on Aug. 30.
- Jack Jorgensen