It is reported that the 27-year-old suffered the injury during the Gallagher Premiership game against Leicester Tigers last month and missed the last three games for Wasps.
He was also omitted from Wasps' matchday squad for the Heineken Champions Cup opener against Leinster to be played in RDS Arena on Friday and now is set to go under the knife that will keep him out of action for up to 10 weeks.
Earlier, Launchbury also missed the first Test against South Africa due to a calf injury but recovered enough to play the remaining two games in the series that Eddie Jones' side lost 2-1.
England already have a wide causality list ahead of the November series with Dan Robson, Anthony Watson, Jonathan Joseph, Sam Simmonds, Ellis Genge, Ben Te'o and Beno Obano all sidelined while Joe Marler has announced retirement from international rugby.
England will face South Africa, New Zealand, Japan and Australia on 3rd, 10th, 17th and 24th November respectively with all the games played at Twickenham Stadium.