Chandler has missed four consecutive games and 14 of the past 18 due to a bulging disk in his neck. Martin has missed the past two games with a sprained left ankle.
Head coach Mike Woodson said the swelling in Martin's left ankle has receded.
"We're all pleased about that," Woodson said.
Also on the injury front, Marcus Camby will miss his sixth straight game with a left fascia injury.
Jones signed with the Knicks on Friday, replacing veteran Kurt Thomas on the 15-man roster.
The Knicks can clinch the No. 2 seed in the East with a win over Indiana on Sunday. A second-place finish guarantees the Knicks home-court advantage through the first two rounds of the playoffs.
If the Knicks finish in second place, they will face the Celtics in the first round.