It appears that reports of Giants RB Shane Vereen's demise were premature. The team sent out a press release about Vereen's injury later Monday afternoon that removed the "season-ending" characterization.
Vereen will be placed on injured reserve, but there is a chance that he could be activated if he heals before the end of the season. A rule allows teams to activate one player from IR each season.
A player has to be on injured reserve for at least six weeks before he is eligible to be activated. The player can return to game action after eight weeks. The NFL Network's Mike Garafolo reported that Vereen's recovery time is "in the area of two months." That means Vereen could possibly return in late November for the stretch run.