Dowdle, a senior from Asheville, North Carolina, was hurt on the first snap against Florida on Oct. 19. He wore a brace on the knee while on the sideline.
Muschamp said Tuesday that Dowdle moved well at practice, but he is targeting South Carolina's home game against No. 20 Appalachian State on Nov. 9 as a more likely return to the field for the running back.
Dowdle started the team's first seven games, rushing for 457 yards and four touchdowns.