Reports have said that Bell was targeting a potential Week 5 return, but it remains to be seen whether the team will activate him from the list in the coming days.
This opens a three-week window of time for the Jets to activate them from injured reserve and add him to their 53-man roster.
Bell, 28, is a former second-round pick of the Steelers back in 2013. He played out the final year of his four-year, $4,120,600 rookie contract, but Pittsburgh used their franchise tag on him.
The Steelers decided to franchise Bell for the second straight year, but he elected to hold out the entire 2018 season and set himself up for free agency in 2019. The Jets later signed Bell to a four-year, $52.5 million contract worth up to $61 million and including $35 million guaranteed.
In 2020, Bell has appeared in one game for the Jets and rushed six times for 14 yards while catching two passes for 32 yards and no touchdowns.