Taylor did not bat in the second innings of the series-opening test in Christchurch after having an preliminary eye test on the first day and was a doubt for the second match at Seddon Park in Hamilton starting on Friday.
After New Zealand wrapped up victory on Sunday, coach Mike Hesson said the 32-year-old former skipper had experienced a problem with vision out of the eye for about a year and a test showed it may have deteriorated "quicker" than hoped.
However, a second eye examination in Hamilton returned a more positive prognosis.
"Ross has a pterygium on his left eye, which is gradually getting bigger. Both the specialists he's seen in recent days have advised Ross still has 20/20 vision and Ross himself feels confident he is ready to play," team physiotherapist Tommy Simsek said in a media release.
"Ross will still need to undergo a medical procedure on his eye to remove the pterygium before it gets any larger. He'll have surgery following the test which rule him out of cricket for approximately four-to-six weeks."
(Reporting by Ian Ransom in Melbourne; Editing by John O'Brien)
