Gustafson is one of three student-athletes not included on the preseason top 30 list to be added to the midseason top 25.
The award-which annually recognizes the nation's top player-has its watch lists determined by a poll of national college basketball experts based on their performances over the first half of the season.
Carter ranks in the top five nationally among freshmen in assists (5.2), field goals made (130), free throws (66), and free throw percentage (82.5).
The 2017-18 Wooden Award will be handed out on April 6 in Los Angeles.
Maye is averaging 18.2 points and 10.8 rebounds per game so far during his breakout campaign, including a career-high 32 points and 18 rebounds this past Tuesday against Boston College. No player in recorded NCAA history has finished a season leading the country in both scoring and assists.
Nared (17.3 points per game, 8.9 rebounds) and Russell (17.1 points, 8.5 rebounds) lead the Lady Vols in scoring and rebounding.
Michigan State has never had a player win the Wooden Award since it was created in 1976. Fifteen top players who have proven to their universities that they are also making progress toward graduation and maintaining at least a cumulative 2.0 GPA will be submitted to voters on the Final Ballot prior to the NCAA Tournament.
Carter and the Aggies return to action Thursday night, by hosting No. 6 Tennessee at 6 p.m.