Dave Meltzer reported in the latest edition of The Wrestling Observer Newsletter that WWE is revisiting the idea of bringing Hulk Hogan back.
Hogan’s WWE return has depended on the company being reasonably sure that bringing him back won’t cause a big backlash due to his racist comments debacle from 2016. It’s possible that WWE hires him in an Ambassador role.
Hogan was in talks about a return to wrestling of late, but not with WWE. It would have reportedly been an angle that would have been huge, but in the end, it wouldn’t have made economic sense.