Peterson was signed to the Titans' practice squad on Nov. 2 after Derrick Henry was placed on injured reserve that same day.
The Titans signed Peterson to the 53-man roster on Nov. 5.
Peterson, 36, made his Titans debut in Week 9 against the Los Angeles Rams. His 1-yard touchdown run tied him with Walter Payton for 11th place on the career scoring list.
Tennessee also placed defensive back Chris Jackson and wide receiver Marcus Johnson on injured reserve and added receivers Golden Tate and Austin Mack, running back Rodney Smith and defensive lineman Kevin Strong to the practice squad.