Our Norwegian hitman suffered ligament damage between the tibia and fibula of his right leg on international duty in September.
Having spent a month in a protective boot he is now on the road to recovery, stepping up his rehabilitation at Spurs Lodge and running again.
He would love to be out there though. "It's coming along," reported Steffen. "I can do a little more now. I'm kicking a ball and running a bit harder. I will continue to do that and get fit as soon as I can.
"But if I feel it's going the wrong way or it's getting worse then I will stop and try again.
"I haven't set any targets to return and I don't want to push it. It's very easy to get an injury back if you push yourself too hard. I'm just seeing how it goes, taking it a week at a time and when I'm ready, I'll be ready.
"It feels okay now though. It's a little stiff around the muscles and in the ankle but you'd expect that. It's nothing to do with the injury and that's good.
"Of course I would love to be out there and having the chances the other lads are getting. As long as we are doing well though I enjoy watching."
The 24-year-old is well placed to compare recent Spurs sides as he approaches his fifth year at the club after his switch from Rosenborg in December 1996 - only a handful of players have been here longer.
And he insisted: "This is certainly shaping up to be the best side I've been involved with, without a doubt.
"We've a lot of experience here now, players like Teddy, Les, who have been in the game for ages, Gus Poyet as well and then a lot of youngsters like Simon Davies, who has played really well.
"It's hard for everyone to get into the team and that's how it should be at a club like Tottenham.
"It shouldn't be easy for the manager to pick the first eleven every week.
"Now we've got some of the lads coming back from injury as well it's all competition for places. Things are going well."
Steffen Iversen will not rush back from injury - even though he's determined to play his part in what he describes as the best side he's been involved with.