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WWE may not want him but he won't be able to find out if he remains under contract with TNA. I don't see how it could do him any harm to let this contract expire, see if WWE are interested in him and if they aren't he can work a reduced schedule taking some big dates on the indy scene in the US...
Would be big news if he failed to re-sign with TNA and decided to test the waters elsewhere. It is a bit ridiculous that they are letting another contract run so close to the wire rather than getting it sorted many months in advance. Would be massive news if he left because he is TNA, he has...