Portugal's playmaker hopes he can recover full fitness prior to the start of the finals in Korea and Japan.
Antonio Oliveira's team have been in impressive form and many observers believe they are potential champions.
But Figo says there is still a lot of work to do before they can be regarded as anything other than dark horses.
"We'll go one step at a time. We'll try to pass through the first round, then we'll see what happens," he said,
The creative force of the team thinks Argentina, France, Brazil, Italy and even Germany have more chance of taking the title because of their previous experience in the finals.
"They are teams that have already won a World Cup, so they know what it's like."