For what it’s worth, Bryan Alvarez noted on Wrestling Observer Live that he’s heard a lot of speculation saying Hulk Hogan may be back with WWE in time for WrestleMania 32. Dave Meltzer said he wouldn’t rule a Hogan return out of the question but WWE isn’t going to rush into bringing him back as long as there’s a risk of backlash. There probably won’t be any backlash but it is very possible.
On a related note, it was speculated by PWInsider this week that WWE wouldn’t bring Hogan back until his lawsuit with Gawker is resolved as there is potential for more trouble to issues to come up. Hogan’s trial with Gawker is set to begin about three weeks before WrestleMania.