— According to Mike Johnson over at pwinsider.com, discussions are underway between WWE and Hulk Hogan about a potential return for the Hall of Famer.

— It is unclear what Hogan’s role would be but some ideas tossed around are as an “authority figure” on Smackdown, which would make sense given recent developments around Shane McMahon as well as Daniel Bryan’s likely return as a full time wrestler. Other rumored roles include as Braun Strowman’s mystery partner or as an entrant into the 50-man “Greatest Royal Rumble” event in Saudi Arabia towards the end of April. It could also be that WWE is simply looking to get Hogan back as an ambassador for the company, especially with WrestleMania around the corner.

— WWE’s only statement on the matter was: “We have had discussions with Terry Bollea (aka Hulk Hogan) about how he can help others learn from his mistakes, however, he is not under any contract with WWE.” Ultimately, the decision will likely boil down to reaction from WWE’s sponsors and other promotional partners.