The Italy international has endured a frustrating campaign thus far due to injuries, and has been restricted to just seven appearances in all competitions for Milan, his last coming in the 0-0 draw with Ajax in the UEFA Champions League group stage in December.
A fractured metatarsal saw him miss two months of action in the early stages of the season and, when that injury failed to heal properly, Milan opted to send the 21-year-old for surgery in December.
"Stephan El Shaarawy can begin athletic work with a view to resuming full train with rest of the group in the coming weeks," the statement read.
El Shaarawy was a prominent figure in Milan's first-team last season, scoring 16 goals in 37 Serie A appearances.
His recovery will provide a boost to a Milan side that has struggled in Italy's top flight this term - they currently lie in 11th position, a massive 40 points behind leaders Juventus.
