Interim coach Everett Withers said before practice Wednesday that the NCAA cleared Jones to play Dec. 26 against Missouri in Shreveport, La.
The move came one day after the school declared Jones ineligible and applied to the NCAA for reinstatement following a secondary violation in which the senior allowed his name and photo to be used on a flier promoting a New Year's Eve party at a club in his hometown of Burlington.
Jones has apologized for creating a distraction and said he has canceled the party, which was being given by a family member. The school's compliance office sent a cease-and-desist letter to the party promoters.
Jones has 79 catches for 1,119 yards and 11 touchdowns.