The Blazers have listed Sharpe as questionable for Thursday's 5 p.m. game at the San Antonio Spurs.
Sharpe has been out since suffering a posterior labral tear in his left shoulder when he fell to the floor after driving to the basket during training camp.
Sharpe, arguably the most talented offensive player on the roster, could provide the team with a scoring boost.
The Blazers rank 25th in offensive rating (108.1) and points per game (108.9), which might actually be a statistical miracle.