Bailey had an ultrasound examination Friday, but results are still pending. He has been on the disabled list since Aug. 16 due to a small tear in his right flexor mass tendon.
"Homer has been able to increase the exercises for his forearm," Price said. "He is still getting some soreness after those exercises, which is expected."
The 28-year-old Bailey was 9-5 with a 3.71 ERA in 23 starts prior to going on the disabled list.
Andy Call is a contributor to MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.