The Golden Knights had returned the 18-year-old to Winnipeg of the Western Hockey League on Friday after he completed rehab following surgery June 7 to repair a partially torn Achilles tendon sustained when he was cut by a skate during training prior to the draft.
Krebs (5-foot-11, 181 pounds) had 68 points (19 goals, 49 assists) in 64 games with Kootenay (now Winnipeg) of the WHL last season. In April, he was captain of Canada's entry at the 2019 IIHF World Under-18 Championship and led the team with six goals and 10 points.
"High-character player," Vegas general manager Kelly McCrimmon said in July. "Within his peer group he's always been one of the top players. He just carries himself that way.
"The hard work lies ahead. That's another area, with respect to Peyton, we're really comfortable that he's going to do everything he can to reach his ceiling. I look at him as a really good two-way center, and he's creative offensively."