According to The Wrestling Observer Newsletter, Gregory Helms will join TNA Wrestling once his 90-day no-compete clause with World Wrestling Entertainment expires in late May.
Helms joined World Wrestling Entertainment in 2001, and was a former WWF European and Hardcore Champion.
Helms was also a two-time WWF Cruiserweight Champion and a two-time co-holder of the WWE World Tag Team Championship.
The 35-year-old Helms was released by WWE on February 26, 2010.
He has already made a verbal deal with TNA through Jeff Hardy, and will likely be performing under his WCW ring name, Shane Helms.
There is also talk of TNA starting a faction with Hardy, Helms, Shannon Moore, and Jesse Neal.