Julius Randle’s injury doesn’t appear to be the devastating blow the Knicks may have feared.

A source confirmed to The Post’s Stefan Bondy that Randle’s right shoulder dislocation is expected to keep him out for several weeks, but not months.

However, the source added that the timeline is “not conclusive” yet, as there’s been more testing since his initial MRI exam.

ESPN and The Athletic first reported Randle is expected to miss weeks but not months.

Randle went down with 4:27 left in the fourth quarter of Saturday’s Knicks win over the Heat, getting hurt as he stuck out his right arm to try to brace himself during a huge fall on a drive to the basket.

Randle immediately grabbed toward his right shoulder and ran off toward the locker room.

Randle, 29, is averaging 24 points, 9.2 rebounds and five assists in 46 games this season.

The Knicks play the Hornets in Charlotte on Monday night.