Vonn was airlifted to hospital after rupturing cruciate ligaments in her right knee but she should be back to defend her Games title at Sochi 2014.
The crash happened on Tuesday during the women's super-G event.
A helicopter was immediately called with medics treating the 28-year-old American on the slope for 12 minutes.
The United States ski team said Vonn tore her anterior and medial cruciate ligaments in her right knee and fractured a bone in her lower leg.
