Point was expected to be out until late October after undergoing offseason hip surgery. He recently practiced on a line with Steven Stamkos and Nikita Kucherov and skated with the Bolts' top power-play unit.
The 23-year-old had the best season of his young career in 2018-19, registering a career-high 41 goals and 92 points in 79 games. Point's impressive production earned him a three-year, $20.5-million contract in September.
Point's return is a welcome sight for the Lightning, who are coming off back-to-back losses that prompted Stamkos to publicly call for major changes to the team's style of play.