Hogg has spent six weeks on the sidelines with a wrist injury after he required surgery to repair a problem he picked up in the league win over Leinster on September 20.
The British & Irish Lions star sat out both opening Heineken Cup fixtures against Toulon and Exeter Chiefs as the Warriors won one and lost one to sit third in Pool 2 with five points. The fact that he is now ready to return means he will almost certainly feature when they get their continental campaign back underway at the Arms Park on Friday, December 6.
"We're delighted to welcome Stuart back from injury, especially with a number of players away on international duty. It is also an opportunity for other members of the squad to put their hands up for selection over the coming weeks," said Glasgow boss Gregor Townsend.
Hogg has been unavailable for six Warriors games, with the two Heineken Cup clashes accompanied by domestic wins over Zebre, Scarlets and Connacht and a home defeat to league leaders Munster.
He was also forced out of Scotland's autumn Test series, missing the victory over Japan and defeat to South Africa ahead of this weekend's battle with Australia.
With Hogg's Scotland team-mates preparing to face the Wallabies, Townsend hands a first start to 21-year-old inside centre Finn Russell on Friday, while fly-half Scott Wight will make only his second start of the season and his first since the opening day victory over the Blues.
"After a two week break we're all really looking forward to getting back to playing rugby again. Finn (Russell) has been working really hard in training and deserves the opportunity. We received impressive reports about him during his four-month spell playing rugby in New Zealand over the summer and he's been a consistent performer for Ayr this season," added Townsend.