Holliday, the Packers' "power" end, suffered the injury Monday night against the Miami Dolphins in what was his first game action in six weeks. He missed the previous four games due to a torn pectoral muscle, and has worn a protective harness in order to get back onto the field.
The knee injury is believed to have occurred on the first play of the third quarter. Holliday continued to play in the second half and expressed no pain to the medical staff after the game. Tuesday morning Holliday reported he woke up with swelling in the knee.
Holliday underwent an MRI later Tuesday, which located the tear. The knee scope is scheduled for today.
"It's disappointing, but he's not discouraged. He told me he'd be back as soon as possible," Sherman said.
Likely to replace Holliday in the meantime will be rookie Aaron Kampman, who started the four games Holliday missed due to the pectoral injury.
"It's hard to deal with the loss of a player like Vonnie, but we have experienced some games without him obviously and have been okay," Sherman said. "The emergence of Aaron Kampman certainly has helped us deal with this."
Over his previous four seasons, Holliday played in at least 12 regular season games, including two 16-game seasons.