Both players have yet to feature this season with Smalling having broken a metatarsal in the summer and Jones struggling with back and knee problems.
Smalling, 22, is back in training and although Wednesday night's Capital One Cup clash with Chelsea will be too soon, Ferguson expects him to return for United's Champions League match with Braga next week.
Meanwhile Jones will return to training on Monday in a major boost for United with Nemanja Vidic currently sidelined after knee surgery.
Ferguson said: "We will try to push Chris on quickly. I don't think he will make Wednesday's game but I am sure he will be ready for the following week.
"There was some hope both he and Phil would be back for this busy schedule.
"Phil will be starting football training next Monday. He still has some running to do. The good news is they are not far away."
The adidas Nitrocharge is the most talked about new cleat in years. It was released on May 15 and will take your pitch by storm.
One of the top soccer cleats for control the Nike CTR360 will not let you down on the field in tight spaces.
The Liverpool 2013/14 soccer jersey is available for pre-order. The Reds are eager to compete for silver next season.
The push for more color on their cleats, adidas has added the infrared colorway to the adiZero f50 Line.
The new PUMA evoSPEED 1.2 FG. A great new soccer cleat with classic look and first time for PUMA to be on the cleat.
adidas has added some color to the Predator line with this new colorway. Released on May 17. Be the first to own a pair.
Borussia Dortmund hears Wembley Calling and are headed to London for the Champions League final.
The Juventus jersey for the 2013/14 was released earlier this week. Be the first to wear the colors of the Old Lady.
Chelsea won the Europa League on Wednesday. The Blues defeated Benfica 2-1 on injury time goal from Ivanovic.
Bayern Munich are kings of Germany and hope to be crowned kings of Europe at Wembley later this month!