Bailey, a 6-foot, 1-inch, 175-pound junior from Alpharetta, Ga., sustained cartilage damage in his left knee during practice Tuesday. Coach Mark Richt said the severity of the injury is unknown.
"Bailey's knee got a little puffed up, but we don't know for sure what it is," Richt told the Athens Banner-Herald.
If Bailey can't play against the Mountaineers, red-shirt freshman Kenneth Harris will assume a larger role in the Bulldogs' passing attack.
Bailey was Georgia's fourth leading receiver during the regular season with 16 receptions for 364 yards and four touchdowns.
His injury leaves Georgia short at the position as wide receiver Michael Moore also has a knee injury. The newspaper reported that Moore, a freshman who is red-shirting, will be back in time for spring practice.