The Pacers confirmed the injuries on Thursday, having left Wednesday's 119-113 loss to the New York Knicks on crutches after falling awkwardly in the third quarter.
"He underwent an MRI this afternoon on his elbow and knee in Indianapolis and the team is awaiting additional opinion on the results of those scans," the Pacers announced.
"Haliburton will be re-evaluated in approximately two weeks and updates will be provided as appropriate."
The 22-year-old has been enjoying an All-Star level season, leading the league in assists with 10.2 per game. He is also averaging 20.2 points per game while flirting with 50/40/90 efficiency, currently shooting 48 per cent from the field, 39.9 per cent from deep and 88 per cent from the free throw line.