The 33-year-old paceman, who has suffered a series of injuries over the last one-and-half-year, last represented his country in a one-dayer in India in October, 2009.
"I will try and play a couple of one-dayers for the Blues over the next couple of weeks and then look to try and play against Sri Lanka towards the end of this month," Lee said.
However, Lee ruled out his return to Test.
"When I say I don't want to be part of Test cricket any more, it's not because I don't like it. It's the time of my life where I want a bit of change through body, through lifestyle," Lee was quoted as saying by the Australian Associated Press (AAP).
"I've loved every single moment of Test cricket, but you have to draw a line in the sand somewhere, you won't be seeing me making that (Test) comeback, definitely not," said Lee, who retired from the five-day version earlier this year.
Australia will play Sri Lanka in the T20 on October 31 at Perth and then three one-day ODIs early next month.The Australian's career has been plagued by fitness problems, ranging from side strain and elbow surgery to broken thumb and a forearm injury.
He missed out on World T20, but will return to action in a Sydney grade game this weekend.
But the injury problems notwithstanding, Lee made it clear that he was not ready to cut down the speed from his bowling.
"Definitely not, the way that I've always bowled and the way that I approach my cricket is that I've always gone flat out," Lee said."People have said to me 'how can you keep going with ankle surgery and 12 operations later?', I suppose it's my character, I see it as being a challenge," he added.