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Team Sky rider Ben Swift spent the night in intensive care in Tenerife following a crash while out training with Tour de France winner Geraint Thomas.
Swift's team said he clipped a rock on a descent, causing bleeding from the spleen which required immediate treatment.
The 31-year-old Yorkshireman also suffered multiple contusions and facial injuries, but no apparent fractures.
Late on Thursday, Swift wrote on Twitter: "Thanks for the well wishes. I am still in intensive care at the moment. But hopefully move onto a normal ward tomorrow.
"They have stopped the bleed in the spleen. But just need to keep monitoring it. Along with that I have facial wounds and road rash."
Team Sky doctor Inigo Sarriegu said in a statement: "Swifty suffered quite a heavy crash whilst out training.
"Thankfully though, he didn't lose consciousness and was aware of the incident afterwards.
"We will continue to monitor him over the coming days, but 24 hours on from the crash he is already feeling better."
Swift, who finished second in Milan-Sanremo in 2016 and fifth in the 2017 UCI Road World Championships, rejoined Team Sky this winter on a one-year deal after two seasons with UAE Team Emirates. He previously raced for the British squad from 2010 to 2016.
Chelsea have been handed a two-transfer window ban by FIFA for breaching transfer rules around the signing of minors.Read the full story ›
Chelsea and the Football Association have been sanctioned by FIFA's disciplinary committee for breaching regulations over the transfer of minors, the world governing body has announced.
The Blues have been banned from registering players for two consecutive transfer windows for 29 incidences of breaching article 19, which relates to the transfer of players aged under 18.
The London club were also fined 600,000 Swiss francs (over £460,000), while the FA has been fined 510,000 Swiss francs (over £390,000) for breaching the rules in connection with minors.
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