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Tolbert managed just 78 rushing yards on 37 carries and caught 12 passes for 93 yards through eight games played this season.
Tolbert ran twice for seven yards and caught a one-yard touchdown pass during Saturday's playoff win over the Cardinals.
Tolbert (knee) was a full participant in practice Wednesday, the Panthers' official site reports.
Tolbert (leg) expects to be ready to play once he's eligible to return in Week 13, the Charlotte Observer reports.