The Cavaliers acquired Shumpert in the six-player trade that sent guard Dion Waiters to the Oklahoma City Thunder and guard J.R. Smith to Cleveland.
Over 24 games with the New York Knicks this season, Shumpert has averaged 9.3 points, 3.4 rebounds and 3.3 assists while posting a career-high 12.1 PER. The 24-year-old has drawn attention for his defensive intensity.
The Cavaliers have won four consecutive games to improve their record to 23-20, good for fifth place in the Eastern Conference.
Cavaliers coach David Blatt reportedly said that he expects to play Shumpert "a little bit" against the Hornets.