Considering he'll undergo surgery to correct the issue, it seems doubtful he was recovering as hoped.
As for where the Heat can go from here, they do have Wayne Ellington, Tyler Johnson, and, when healthy, Rodney McGruder at shooting guard, so it's not like they didn't have some kind of backup plan in the event Waiters opted for surgery.
Waiters has been seeking outside opinions on the ankle in Los Angeles, with, according to a Sun Sentinel source, the Heat huddling Thursday to discuss the approach going forward. His recovery is expected to take four to six months, a league source said. He also missed the final 13 games of 2016-17. Waiters was limited to 46 games last season after playing 70-plus games in each of the previous three campaigns. In 30 games this year, Waiters was averaging 14.3 points and 3.8 assists in 31 minutes of action.
Dion Waiters has not suited up for the Miami Heat since December 22 due to a left ankle injury.
Miami has won five straight and is 7-2 in Waiters's absence, a hot streak that has seen the Heat move to fourth place in the Eastern Conference.