Keep dough in package and let sit at room temperature for 30 minutes to thaw and soften.
Line baking sheet with parchment paper or silicone baking mat, and set aside.
Cut each roll in half. Wrap each piece of dough completely around a meatball (make sure no part of meatball is showing), and pinch dough firmly on seams to seal. Place on prepared baking sheet, seam side down. Repeat with remaining dough and meatballs.
Cover baking sheet with kitchen towel, and rise until almost doubled in size, about 1 ½ - 2 hours.
When dough is almost doubled, move oven rack to middle position and preheat oven to 350 degrees F. Bake 15-16 minutes, or until golden brown.
Brush tops with olive oil, sprinkle with cheese and basil. Serve with warmed marinara sauce.