Trevor Lawrence sustained a right high-ankle sprain in Monday's night's 34-31 overtime loss to the Cincinnati Bengals.
Jaguars coach Doug Person revealed the diagnosis while talking to reporters Tuesday.
"Everything is stable," Pederson said. "Everything looks good and we'll see where he is in a couple of days."
Jacksonville visits the Cleveland Browns on Sunday, and Pederson didn't rule out Lawrence from playing.
"I'm not going to put that timetable on Trevor, not going to put him in a box like that," Pederson said.
Lawrence was injured with about five minutes remaining in the fourth quarter when his his right leg bent awkwardly after being stepped on by teammate Walker Little as he was sacked. He went to the ground in obvious pain and needed to be helped off the field. X-rays taken at Jacksonville's stadium were negative.
"The one last night looked worse than what it really was - very fortunate there," Pederson said. "But he seems to have a little bit of a knack (for avoiding serious injury)."
If he can't play, it would be the first game the durable Lawrence would miss since the Jaguars selected him No. 1 overall in the 2021 NFL draft.
Backup C.J. Beathard would then make his 13th career start - and first since Week 17 of the 2020 season for the San Francisco 49ers. He is 2-10 as a starter in the NFL.
Replacing Lawrence on Monday, Beathard completed 9-of-10 passes for 63 yards.
"It's good to get C.J. a full week of preparation," Pederson said. "Trevor will stay mentally sharp and obviously see where he's at."
Lawrence was enjoying another showing before the injury, completing 22-of-29 passes for 258 yards with a pair of touchdowns.
In 12 games this season, he has 3,004 passing yards with 14 passing touchdowns and seven interceptions.
While Lawrence's status is uncertain, Pederson announced that top wide receiver Christian Kirk will be sidelined for "some time" due to a core muscle injury that will likely require surgery.
Kirk, who was injured on the first play from scrimmage against the Bengals, leads Jacksonville with 787 receiving yards on 57 receptions with three touchdown catches.
With Monday's loss, the Jaguars dropped to 8-4 and their lead atop the AFC South shrunk to one game over the Indianapolis Colts and Houston Texans.
NFL wide receiver Collins agrees to $72M extension with Texans
Wide receiver Nico Collins took a major step forward last season with C.J. Stroud.
The Houston Texans rewarded him for his production.
The Texans and Collins agreed to a three-year extension worth $72.5million on Tuesday.
The deal, which was reported by NFL Network Insiders Ian Rapoport and Tom Pelissero, includes $52million guaranteed, and holds a maximum value of $75million.
Collins, who was entering the fourth and final year of his rookie contract, is coming off his best season in the NFL, leading the Texans with 80 receptions for 1,297 yards with eight touchdowns.
In three pro seasons, he has 150 catches for 2,224 yards and 11 TDs.
Teamed with the rookie Stroud at quarterback in 2023, the Texans emerged as having one of the top passing offences in the NFL.
Houston surprisingly won the AFC South and reached the divisional round - the franchise's first trip to the play-offs since 2019.
The Texans will enter this season with lofty expectations after adding another star wide receiver in Stefon Diggs to a roster that already includes Tank Dell.
NFL reveals full 2024 schedule
The entire 2024 NFL schedule is now set.
While all the matchups have been known since the conclusion of the 2023 regular season, and some games were revealed in the last few days, the league released the remainder of the schedule on Wednesday.
The latest schedule update included the American Thanksgiving triple-header featuring the Chicago Bears visiting the Detroit Lions, followed by the New York Giants at the Dallas Cowboys and wrapping up with the Miami Dolphins travelling to Green Bay to face the Packers.
The following day on Black Friday, the defending Super Bowl champion Kansas City Chiefs will host the Las Vegas Raiders.
Earlier in the day, the NFL announced the five international games and the Christmas Day doubleheader.
Christmas, which falls on a Wednesday, will see the Chiefs visiting the Pittsburgh Steelers, followed by the Houston Texans hosting the Baltimore Ravens.
On Boxing Day, the Chicago Bears will host the Seattle Seahawks on Thursday Night Football.
The Chiefs and Ravens will kick off the season in Kansas City on September 5 in a rematch of last season's AFC Championship Game.
The following night, the NFL will play its first game in South America with the Philadelphia Eagles and Packers squaring off in São Paulo, Brazil.
The first Sunday Night game of the season features the Detroit Lions hosting the Los Angeles Rams in a rematch of their thrilling wild-card game.
The first Monday Night Football game will see Aaron Rodgers make his return after rupturing his Achilles tendon just four snaps into his Jets career with New York visiting the defending NFC champion San Francisco 49ers.
Other Week 1 highlights include Russell Wilson appearing in his first game for the Steelers, as Pittsburgh visits the Atlanta Falcons, and No. 1 pick Caleb Williams making his NFL debut with the Chicago Bears hosting the Tennessee Titans.
Other rookie quarterbacks likely to take the field in Week 1 include No. 2 pick Jayden Daniels and the Washington Commanders visiting the Tampa Bay Buccaneers, No. 3 pick Drake Maye and the New England Patriots visiting the Cincinnati Bengals, and J.J. McCarthy, the 10th overall pick, of the Minnesota Vikings visiting the Giants.
The Jim Harbaugh era in Los Angeles begins with the Chargers hosting the Raiders.
Jets-Vikings among NFL's international games
Aaron Rodgers will meet an old rival in a new uniform as one of five International Games matchups announced by the NFL on Wednesday.
Rodgers' New York Jets will take on the Minnesota Vikings at London's Tottenham Hotspur Stadium on Oct. 6, one of three games that will take place in the United Kingdom capital in 2024.
The International Series will kick off on the league's opening weekend with a clash between Rodgers' former team, the Green Bay Packers, and the Philadelphia Eagles in São Paulo, Brazil on Friday, Sept. 6. That game will be the first of any kind held by the NFL in South America, as well as the first to take place on a Friday during Week 1 in more than 50 years.
The Jacksonville Jaguars will take part in the other two games held in London, and could face a rookie quarterback in each. Jacksonville will host the Chicago Bears at Tottenham Stadium on Oct. 13 and will meet the New England Patriots at Wembley Stadium one week later on Oct. 20.
Chicago selected 2022 Heisman Trophy winner Caleb Williams with the first overall pick in this year's draft, while the Patriots chose North Carolina quarterback Drake Maye with the third overall pick.
The Jaguars have been involved in more international games than any NFL team, as this season's matchups will be the 12th and 13th played in London in franchise history.
Munich, Germany will host the final 2024 international game when the New York Giants and Carolina Panthers square off at Allianz Arena on Nov. 10.
"We are delighted to announce these exciting matchups across London and Munich, in addition to the historic first game in São Paulo, Brazil, to complete the 2024 International Games slate," NFL executive vice president of club business, major events & international Peter O'Reilly said in a league press release. “As the league and its 32 teams continue to prioritise international growth, we look forward to building on the incredible fan experiences seen in Europe while taking the game to new fans in South America."
The Giants-Panthers contest will be the second to take place in Munich during the regular season, with the Seattle Seahawks and Tampa Bay Buccaneers having met at Allianz Arena in 2022. The NFL staged two games in Frankfurt last season, including a 21-14 victory by the eventual Super Bowl champion Kansas City Chiefs over the Miami Dolphins.
The NFL also announced on Wednesday that the Giants will be the featured team for its popular Hard Knocks television documentary series to be broadcast in July. This season's episodes will chronicle the team's day-to-day operations during this offseason.
Additionally, the league announced that its two Christmas Day games of the 2024 season will be broadcast by streaming service giant Netflix.
The participants of those two games will be announced when the NFL reveals its full 2024 schedule at 8 p.m. Eastern Time on Wednesday.
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