The striker suffered a hamstring strain during United's home victory over Wigan last month and has missed seven games.
It was thought that he could return for the FA Cup tie at Derby on Sunday but Ferguson opted not to rush him back.
The United manager has been pleased with Rooney's progress over the last couple of days and intends to select him in his squad to face the Cottagers.
"The plan is for Wayne Rooney to be involved tomorrow night and he will start on the bench," Ferguson told Key103.
"We have handled him in the right way.
"He is training now. His performances have been excellent and he is back to his best.
"The decision not to involve him on Sunday was a good one because he was able to train and that extra day has brought him on a lot."
Carlos Tevez and Dimitar Berbatov are expected to start up front as United look to open up a five-point lead at the top of the Premier League table.