Green Bay activated Taylor off the PUP list Wednesday, Wes Hodkiewicz of the Packers' official site reports.
It's still unclear why Taylor was placed on the PUP list to begin with, but his term there lasted less than a week. He'll continue to compete for the Packers' third running back spot, and his toughest competition for that role, Kylin Hill, is still on the PUP list himself.