WWE News: Chris Jericho in Negotiations with WWE

After being on hiatus for a year, Chris Jericho is reportedly in talks to return to WWE. In recent weeks, there have been rumors about a possible Chris Jericho comeback, but this is the first confirmed report.

According to WrestleZone.com, relaying the news story from PWTorch.com, the former WWE champion is hoping to reestablish himself in time for WrestleMania 28 in Miami.

The plan involves having ample time to begin an angle with another top WWE superstar that would culminate in a bout at the biggest event of the year.

The former "Lionheart," who is nearing 41 years of age, has long preferred returning in a part-time, special attraction role in the vein of Shawn Michaels (before he retired) and the Undertaker.

Speaking of "The Phenom," there has been lots of fan banter about a potential Jericho-Undertaker contest at WrestleMania.

There are two major reasons in favor of it transpiring.

Firstly, the Undertaker has never been in a substantial feud with Jericho. Secondly, Jericho has literally accomplished everything in the company except attempting to end the Undertaker's undefeated streak.

However, the more likely scenario is that we will see Y2J vis-a-vis CM Punk at the "granddaddy of them all."

The two have been embroiled in somewhat of a Twitter "war" over the last few months, which might seem to hint at a future program between the two Internet favorites.