Malceski is poised to play for the Swans' reserves side against Tuggeranong after completing a full training session on Friday, 11 weeks after he seriously injured his knee in a February pre-season match.
The only drill he skipped in Friday's session was one that included full-contact tackling, however, he has already done some of those exercises.
Malceski's operation was performed by French surgeon J.P. Laboureau, who re-built the knee using an industrial-strength synthetic fibre instead of traditional methods.
Sydney Swans physiotherapist Matt Cameron is confident Malceski is where he needs to be for his awaited return.
"He is fully fit, he has also got mental confidence" he said in Saturday's Herald Sun. "At this point, so close, it often depends on how they look rather than a black-and-white test.
"If he looked tentative, we might hold him back, but he doesn't at all."
Club doctor Nathan Gibbs told the Herald Sun that Malceski's belief in the procedure has fast-tracked his rehabilitation.
"You could do it with certain individuals and Nick has been switched on to the concept from day one," he said.
"If you don't believe in the treatment, and don't believe it will work then it isn't for you, but that attitude is instinctive in him."
Centre half-forward Barry Hall, serving suspension while recovering from a broken wrist, is on track for Sydney's clash with St Kilda in round 12.
Hall has worn a cast for four weeks and will have a pin removed from his wrist in two weeks.
And Richmond Tigers midfielder Mark Coughlan will play for Coburg in the VFL today after overcoming the hamstring soreness that has hampered his return.
Coughlan has not played at AFL level since round 12, 2006, having undergone two knee reconstructions.
