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“The TLDR -- nobody in WWE has been told that a return is happening, and most top talent are opposed to it. However, they don't feel it's an impossibility, and both those close to Punk and WWE believe Punk would do it, but there are fences to mend.”
As of two weeks ago, nobody within WWE had indicated that CM Punk and the company had talks. In late September, we were told that it appeared there were feelers out from Punk to WWE to see if there was any interest there
There is still a ton of heat on CM Punk in WWE, with plenty of it stemming from his last run almost ten years ago
Sources that are close with Punk have been open about his interest in returning to WWE, with one outright saying that if there was WWE interest, he would go back to the company. There was also a source that said they believed that it was actively being worked on
One top star said that Punk knows "he wouldn't be able to pull any of his shit here. There's nobody here he could jump without getting his ass handed to him."
When we asked about the teases that pick up steam on social media, we were told adamantly that those were not meant to tease a CM Punk return, though it's not impossible they could be played off of in the future to generate buzz. We spoke to various people in the know regarding future plans, and almost nobody has been clued in on a potential Punk return
There is a very big elephant in the room in that both Seth Rollins and Roman Reigns have verbalized in the past that they aren't fond of Punk. Most people on both sides believe there would need to be fences mended there in order to make a successful return happen
One WWE source was steadfast in their belief that when Punk appeared at WWE Raw backstage earlier this year, he was looking to get his job back. Based on how that experience went, they aren't of the belief it's in the cards
Another discussion has been about the workload. Punk took great pride in being at work every week within AEW, and his salary was above what a lot of stars high up on the WWE card are making to work full-time as well. WWE sources we spoke to felt like Punk's leverage isn't what it was four months, 14 months or three years ago as a result, and that could play a big factor in negotiations regarding schedule and pay if he does come back
