Cleary underwent surgery late on Sunday after suffering a double compound fracture in his left leg from a hip-drop tackle by Newcastle's Phoenix Crossland. He is recovering at Royal North Shore Hospital.
The game's best player is the hot favourite to take out rugby league's top individual honour on Wednesday night, but the NRL and the Panthers said they would be guided by the player over what level of involvement he is prepared to have should he prevail.
Sources with knowledge of the situation not authorised to speak publicly confirmed that other options being discussed included Panthers coach Ivan Cleary accepting the award on his son's behalf, or asking Nathan to pre-record an acceptance speech.
Cleary has never won the Dally M, having been pipped by Jack Wighton in 2020 when most fans expected him to win. That night was hijacked by The Daily Telegraph's decision to publish the Wighton story hours before it was made official, which led to the NRL clamping down on publishing embargoes. This year was the first time the NRL did not make public the finalists for the different awards, including captain, coach and rookie of the year.
The Rugby League Players Association on Monday announced Cleary as their Players' Champion, the award he won in 2020. His partner, Matildas forward Mary Fowler, congratulated him on Instagram, posting: "As proud as one can be. So well deserved darling."
Cleary was in front by three votes when polling went behind closed doors after round 12. Canterbury's Jackson Ford was second but suffered a ruptured pectoral and missed the second half of the season.