"Xabi has been working hard in Spain and he came back to Liverpool this week," said Benitez.
"I said recently I wasn't waiting for Xabi this season, but that was because I don't want to rush him back. I'm always optimistic, but I preferred not to think too much about him because I didn't want to be disappointed. If you put too much hope in him returning, you can get frustrated.
"Now, it looks better for him. He may be able to play for the last month. He's working with our physiotherapists and making progress."
Alonso is not the only Liverpool player who's over the worst of his troubles.
Djibril Cisse could be running again in just a month's time as he continues his fightback from an horrendous broken leg.
There were some fears Cisse's injury was career threatening, but he's eased those concerns with his rehabilitation.
"Cisse has been in the gym here and will be running again in a month. When you have a problem like his you need a timescale and he's on schedule," said Benitez.