Ferdinand will be back alongside Terry for England's game against Switzerland; the game will be Ferdinand's first for England since he lost the captaincy to the Chelsea man earlier this year.
"I'm delighted seeing him come back from injury at Manchester United and he's been different class in the Premier League and the Champions League," said Terry.
"I'm delighted for him to be back fully fit and alongside me."
Ferdinand was unhappy with Fabio Capello's handling of the captaincy situation, but Terry insists there are no problems between him and his team-mate.
"No, not at all," he said. "There're no problems between us, like there wasn't when he got the armband."
Terry insists Capello's relationship with Ferdinand is also fine.
"I think not only between those two, but with everyone," he added. "I think over the years the manager's relationship with everyone has got better.
"I think there's a really good balance at the moment.
"It's been a really relaxed atmosphere over the last three or four months which is good. There are a lot of young players in the squad fighting for places so training has been very intense and enjoyable."