On Monday, he played 18 holes of practice with 1992 Masters champion Fred Couples who could easily envisage the prospect of Woods slipping into a fifth green jacket on Sunday.
"Tiger is swinging very well," Couples told reporters after he and Woods had toured the heavily contoured layout with huge galleries trailing in their wake.
"He's the best player in the world ... and he will do well here at Augusta.
"His intimidation factor is always there but you have to play good golf and he hasn't played much," added the American, himself a former world number one.
"It would be crazy for me to say he's not going to so well but it would be crazy for me to say he's the guy to beat because he hasn't played competitive golf for four or five months.
"If he's in the lead on Sunday, he'll have no problem. If he's not, he'll say: 'Well, this is what I need to work on'."
South African Ernie Els, one of the hottest players in the game after winning twice in his last three PGA Tour starts, also felt Woods was capable of clinching victory on his return.
"Tiger is just a different player," the three-times major winner said. "He's the one guy who probably could make a success, but it will be tough."
Britain's Luke Donald, who set off for a practice round a couple of hours after Woods and Couples had teed off at the par-four first, agreed.
"It is tough to get back into the playing routine," Donald said. "As much as you practise out on the range, it's not quite the same as being out on the course.
"But I am sure Tiger feels ready, he wouldn't be back here otherwise."
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