The 27-year-old was investigated after a video on Chelsea's own official TikTok account appeared to show him returning a missile into the crowd that had been hurled down and hit team-mate Cole Palmer's leg.
Sterling was potentially in danger of missing either Chelsea's upcoming home match against former club Manchester City or the trip to Newcastle after the international break, but has now been cleared with no action to be taken.
Tottenham forward Richarlison and Chelsea legend Didier Drogba are two players that have both previously been subject to bans for similar offences.
Mauricio Pochettino addressed the incident in his pre-Manchester City press conference on Friday, before the judgement was handed out.
"I fear something to be honest but we cannot find anything and that is why we are quiet, calm and relaxed," the Chelsea boss said.
"We hope that there is nothing going on and it was an action that wouldn't punish him. I didn't see anything on Monday night."