Jones, 28, sustained a hamstring injury at the end of his 35-yard touchdown catch and run in Green Bay's 38-20 victory over the Chicago Bears on Sunday. He finished with nine carries for 41 yards and a score and two receptions for 86 yards and a touchdown.
Fellow running back A.J. Dillon likely will see a boost in playing time with Jones sidelined.
Watson, 24, was an early second-round pick of the Packers in the 2022 draft and entered his sophomore season as the team's No. 1 wideout. He did not play in the season opener due to his hamstring injury.
Watson recorded 41 catches for 611 yards and seven touchdowns in 14 games (11 starts) as a rookie in 2022.
Bakhtiari, 31, is nursing a knee injury. The three-time Pro Bowl and two-time All-Pro first-team selection has made 130 regular season starts for Green Bay, although a knee injury limited him to one start in 2021 and 11 in 2022.
The Packers also listed safeties Anthony Johnson Jr. and Zayne Anderson, linebacker Brenton Cox Jr. and tackle Caleb Jones as inactive.
For the Falcons, versatile running back Cordarrelle Patterson, cornerback Jeff Okudah, Logan Woodside (emergency third quarterback), linebacker Troy Andersen, offensive lineman Jovaughn Gwyn, wide receiver Josh Ali and defensive lineman Joe Gaziano are also inactive.
—Field Level Media