The 32-year-old Brazilian broke the fibula in his right leg and dislocated his ankle during Lyon's 1-1 league draw at FC Metz on 22 August, which was only his third competitive match of the season.
However, the former FC Bayern München favourite is now walking without crutches and is already aiming to boost his side's UEFA Champions League campaign, should Lyon reach the knockout stages.
'According to plan'
"Everything is going according to plan," Elber said. "I enjoyed watching us play against Manchester [United FC, a 2-2 draw] and Fenerbahçe [SK, a 3-1 win]. I'm looking forward to my comeback in December or January."
Lyon are unbeaten in 14 games this season and are top of both Ligue 1 and Group D of the Champions League. Paul Le Guen's team are at home to Fenerbahçe on 3 November.
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