I'm guessing Love needs surgery to repair his labrum. It's possible that he may be able to play through it, but there's also the risk of additional injury if he plays.
Love is no Derrick Rose. I think he'll want to play if it is possible, but he will probably also listen to the doctors if they tell him not to. I'm guessing that the first step is to see how long it takes for the pain from the bone bruise to subside enough to where he could handle playing if cleared by doctors.
Or it could be a smokescreen where they know he's out and will need surgery, but they want to keep opponents in the dark about his potential to return.