Hi. I am a sports surgeon and please my advice here will be to go a specialist in the same field. This is a mechanical problem where your ligaments are torn and meniscus is torn. Here MCL will also require consideration if it's grade 2 tear clinically also then you may have to apply a cast for 1 month for it to heal. At the same time we hope that your meniscus will heal too. After 1 month you will have to do rehabilitation exercises for another month to get the movements back. After that you might need to go for surgery in the form of arthroscopic acl reconstruction. You will have wonderful results if you follow this.

I think u consult ur doctor and go for opinion...Go for non surgical option like PRP injection ...for further details contact me...

If you have instability and the feeling of knee giving way while you try to run or jog or jump, u need a surgery !!! As far as meniscus is concerned, it shall be dealt while your arthroscopic acl reconstruction is done. Your report is suggestive of a high grade tear. Please get yourself examined by an orthopaedic surgeon and take opinion. Early restoration of normal anatomy and kinematics helps in preventing osteoarthritis in the long term.