Perry, the senior who was leading the team in rushing when he was injured last season, has been rehabbing his knee the entire offseason.
Now, the U of L staff is hopeful he'll be ready sooner than later.
"I didn't expect to be able to use him," U of L offensive coordinator Shawn Watson said on Wednesday. "But I'll tell you what, he's ahead of the game.
"I am hopeful, as is our training staff, that he will be out there competing day one (of fall camp on Aug. 6)."
U of L running back coach Kenny Carter told Cardinal Authority last month that Perry was "doing what he needed to do to be on track," and Charlie Strong mentioned Perry as "doing great" earlier this week.
"I think he will be in good shape when it comes time for camp," Carter said. "We just have to manage what we do with him. We're not going to rush it."
When he was injured, Perry was leading the team at the time with 136 carries for 705 yards and 11 touchdowns.
"Honestly, he's ahead because he's such a gifted athlete," Watson said. "He heals fast and he's a gifted athlete. And the other thing is that he has his mind set.
"He's remarkable. I have been taken back by how far along he is."
Dominique Brown, who sat out last season, is penciled in as the starter for the Cardinals coming out of spring practice. Brandon Radcliff and Corvin Lamb are two other capable backs.