It was initially thought Ribery broke his leg during France's 2-0 defeat to Italy on Tuesday but scans revealed he has torn ligaments above his ankle.
Ribery recoils in pain as referee Lubos Michel looks on - but the Frenchman will be back to action within two months
Although the Bayern Munich winger will need surgery, the fact he will not miss a large part of next season could see Chelsea launch a bid.
Bayern chairman Karl-Heinz Rummenigge said: "We are happy that the severe initial diagnosis has not been confirmed."
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London gets ready for the Diamond Jubilee - in pictures
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EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
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Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
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Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
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News pictures of the day
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Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
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London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
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‘We will form a human barricade to keep missiles off our homes’
Why I think doctors are right to strike 
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning 
Eton schoolboys fly Games flag on Everest 
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train 
Shrimpy's - review 
The O2
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