Stoudemire participated in a 3-on-3 full court scrimmage on Tuesday and will be evaluated again on Wednesday.
"Today was a great indication of how my ankle feels," he said. "I came out and was able to practice a little bit today. We didn't do much as far as physical play but I was about to step my foot back out there on the basketball court and see how it feels."
The high-scoring forward has missed two consecutive games since suffering an injury during a Thursday loss to the Los Angeles Lakers. The Knicks are 1-1 in his absence, defeating the Sacramento Kings handily but losing in their latest outing against the Toronto Raptors, 90-85.