The surgeon was able to successfully perform Ligament Augmentation and Reconstruction System (LARS) surgery on Staker's right knee which is expected to significantly speed up the recovery process.
He is now facing three months on the sidelines rather than a full year.
Staker becomes the third Lions player to have LARS surgery over the past 12 months, following the leads of Josh Drummond and Xavier Clarke who also suffered recent ACL tears.
The 26 year-old was thrilled with the outcome and remains optimistic about his chances of a return during the second half of the 2011 season.
"I was shattered when it first happened and was pretty much resigned to missing 12 months of football," Staker said.
"Now I'm eager to get out of hospital in the next 24 hours and begin the rehabilitation process."
"Having LARS has certainly given me some renewed hope of playing football this year," he said.
"Both Xavier Clarke and Josh Drummond seem to have recovered really well from the same surgery which gives me every confidence that I can do the same."
