Jolly lasted only a quarter of last Sunday's blockbuster game against Carlton and must now be in considerable doubt for this Sunday's MCG clash with fellow flag contenders Hawthorn.
The dual premiership ruckman suffered rib cartilage damage and spent a brief period in hospital after the match.
Veteran Ben Hudson or Jarrod Witts are in line to take his place if he is not passed fit for Sunday.
A large crowd attended the training session on the site of the old Olympic Park athletics track, which followed an official opening and ceremonial kicking of the first goal, which featured former Collingwood greats Peter McKenna and Craig Kelly.
Collingwood president Eddie McGuire said the new $11.3 million oval would be shared with the public and opened up what was once a private area to the people of Melbourne.
"There have been a few knockers along the way and it has been a long journey but to come here today and see this magnificent expanse, it makes us very proud," he said.
The new oval, which sits alongside the club's training and administrative home at the Westpac Centre, was developed jointly by the club and the Melbourne and Olympics Park Trust together with the Victorian government.
The Pies used to train at Gosch's Paddock, several hundred metres further up Swan Street, but that ground will now be used by Melbourne as its training ground.
