The Leeds United ace has missed close to three months.
The 27-year-old, a summer signing from Sunderland, has been absent for Leeds since suffering a foot injury back in September.
The Scotland international had looked a superb addition up until his injury and although the Whites have not suffered hugely in his absence, United's place in the top six may be slightly more comfortable than it is had he been available.
Nevertheless, Monk confirmed in his pre-match press conference ahead of Saturday's visit of Aston Villa that Leeds - who sit a point clear of seventh-placed Sheffield Wednesday - can look forward to Bridcutt's return to training next week.
Pablo Hernandez, who has been out of action for a month, has also been a decent recruit by Monk, and the ex-Swansea boss says the Spaniard is up to two weeks behind Bridcutt in his recovery.
He told TV Yorkshire: "Liam should be back into training with us on Monday, so that's good news for him and good news for the group.
"[With] Pablo, you're probably looking at maybe a week or two. He's a little bit further behind Liam, but it'll be good to have him back out on the pitch."
Kalvin Phillips and Eunan O'Kane have formed a decent centre midfield partnership in the absence of Bridcutt, but the latter has come in for some criticism in recent weeks and having the former Chelsea youth back could reinvigorate him a little.
With the gruelling festive period approaching, the 38-year-old manager will need as many bodies as he can get, and having Bridcutt fit again is a big, big boost.