Per that report, "conversations are underway for Hogan, 64 years old, to return to the company. Discussions began several weeks ago."
In a statement to Johnson, the WWE noted: "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."
Johnson speculated that Hogan could return as "an authority role for the Smackdown brand," adding that, "It fits logically, given that Shane McMahon has taken a 'leave of absence' from his role as Smackdown Live’s storyline Commissioner and Daniel Bryan is returning as a pro wrestler, but that’s just a guess."
Hogan was fired by the WWE in 2015 after a video from years prior surfaced and showed Hogan launching into a racist tirade. Hogan also found himself engaged in a lengthy lawsuit against Gawker Media after a sex tape of his was circulated publicly.
Hogan ultimately won that case and earned a $31 million settlement after bankrupting Gawker.
The former WWE superstar was one of the most popular and accomplished wrestlers in his heyday and remains an icon in the wrestling business.