TNA Wrestling News And Rumors: Backstage Update On Bully Ray's TNA Status And Bound For Glory Plans [VIDEO]

It appears as though Bully Ray is close to re-signing with TNA on a two-date deal which would include TNA's Bound for Glory pay-per-view on Oct. 12 at the Korakuen Hall in Tokyo, Japan.

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Wrestlingheadlines.com reports that Bully Ray and TNA World Heavyweight Champion Bobby Lashley are both being advertised for the event which means that Bully Ray is close to re-signing with the company and could be appearing at this week's television tapings in Bethlehem, Pa.

The site also reports that there is a belief among some talents that TNA officials have made an offer to Bully Ray to return in order to team up with Devon and finish the tag team series with The Wolves and The Hardy Boys.

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In the new agreement, Bully Ray would work a date with TNA to finish up the tag team arc with The Wolves and The Hardy Boys an then he would appear at Bound for Glory, where he and Devon are set to be inducted into the TNA Hall of Fame. Oct. 12 will be the last date for both members of Team 3D.

Regarding Jeff Hardy's status for the big event, he should be able to enter Japan if TNA wants to use him for the show despite his past legal troubles. According to Wrestlingheadlines.com, there was some concern that Hardy's felony conviction could prohibit him from leaving the country, but a TNA source said he is good to go.

Bully Ray left TNA last month and reportedly gave the impression that he was leaving for good and not coming back upon his contract expiring. TNA is currently searching for a new home for its flagship show Impact Wrestling and it had been reported that they weren't negotiating new contracts until a deal with a new network was inked.

Spike TV was originally slated to drop the show next month when their current pact expires, but the network wanted to be a good partner for TNA until the end and decided to keep the show on through the rest of 2014 while the company searches for a new network home. It has been said that Spike TV wants out of the wrestling business completely.

Bully Ray was the first person to have his deal not picked up under TNA's new policy, but with the company reportedly having several networks interested in landing Impact, it appears as though the Team 3D member could be returning very soon.

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