McGregor lost to the Russian via submission in the fourth round of their lightweight championship clash on Saturday.
A statement from UFC confirmed that McGregor will not be cleared to fight until November 6 and is not allowed to compete in any sparring sessions until October 28.
A medical suspension is common within UFC, particularly with fighters who have taken significant damage in their latest bout.
McGregor was not scheduled to compete within the next four weeks.
Anthony Pettis, who suffered a broken hand in his defeat to Tony Ferguson at UFC 229, has been given a medical suspension which could last up to six months.
Nurmagomedovs victory over McGregor sparked a mass brawl between both parties with the Russian fighter leaping over the octagon fence to punch Dillon Danis, McGregors training partner.
Punches were also exchanged between McGregor and Nurmagomedovs team inside the octagon.
UFC president Dana White has confirmed that Nurmagomedov will be suspended for his actions and also faces a hefty fine.
They took his whole purse right now and theyre talking about keeping his purse, White told TMZ
I do not think that that should happen. You should not be able to keep his whole purse.
I think they should take $250,000 from him. He absolutely keeps his title.
And hes gonna get suspended, so maybe you give him a four-to six-month suspension.