The opener picked up a calf injury during the Ford Trophy earlier this month
An NZC statement said Guptill “was improving and that the injury would continue to be monitored during a period of rehabilitation”.
Guptill, who averages 42.23 in ODIs and 32.66 in T20Is, would be a significant loss if unable to make the tour with New Zealand expected to be without their Test players due to the MIQ requirements on return home and proximity of the series against South Africa.
The ODI series is currently set to start in Perth on January 30 but the schedule is expected to be changed because of Western Australia’s border restrictions that are not due to lift until February 5. Matches are also due to be held in Hobart and Sydney before the T20I in Canberra.