The 19-year-old winger enjoyed a breakout campaign under Jurgen Klopp last season, making 11 appearances after returning on loan from Wolves in January.
But after promising outings at pre-season, Ojo suffered a back injury in the friendly defeat to Roma and has not been available for selection since.
Ojo, who sustained a fracture in his back, was scheduled for a mid-September return but suffered a setback.
He has now hinted he is ready to return to action however, posting a picture on Instagram with his boots on.
His comeback comes a day after Joe Gomez return to action for the first time in 13 months, playing 45 minutes in a 6-0 behind closed doors friendly against Accrington.