The 19-year-old rookie is expected to be in uniform for the Mad Ants on Saturday when they face the Iowa Energy.
Caboclo made his NBA debut Nov. 21 against Milwaukee and scored a season-high eight points in 12 minutes of action. He has played a total of 15 minutes in three games with Toronto this season— recording eight points and two rebounds.
A native of Osasco, Brazil, Caboclo was selected 20th overall by Toronto in the 2014 NBA Draft. He appeared in 16 Brazil League games for Pinheiros/Sky last season— averaging 4.9 points and 3.1 rebounds.
Caboclo will continue to be included on the Raptors' roster and will remain on the team's inactive list.