In what seems to be contract season at WWE, the company has initiated discussions with Cody Rhodes regarding a potential multi-year contract extension. The goal is to secure Rhodes's long-term commitment to the promotion. While the specific terms of the deal remain unknown, reports suggest that Rhodes is in line for a substantial raise to finalize the agreement.

The priority to re-sign Rhodes stems directly from TKO, who have expressed confidence in reaching a deal with the talented performer. Speculation had arisen when Rhodes acquired a new bus around Thanksgiving, leading some to believe that he had already put pen to paper. However, sources indicate that a finalized contract has yet to be reached.

This news comes hot on the heels of recent reports confirming new contracts with WWE superstars Rey and Dominik Mysterio, Charlotte Flair, and Bayley. Two other notable names, Drew McIntyre and Seth Rollins, have contracts expiring in 2024, with no public announcement of new deals as of now.

The delay in contract talks has been attributed to the WWE-UFC merger which established TKO after Endeavor's acquisition from Vince McMahon earlier this year. However, it appears that TKO is now ready to offer long-term extensions to its roster. Flair's agreement was believed to be the first contract brokered under TKO, followed by the Mysterios and then Bayley.

What sets Rhodes apart from the recently signed talents is his relatively short tenure in WWE. Having returned to the company in 2022, he will celebrate just two years with WWE this coming April. Rhodes made a highly anticipated comeback at WrestleMania 38 after departing from AEW in February of that same year.

The ongoing negotiations between WWE and Cody Rhodes have garnered considerable attention within the wrestling community. Fans eagerly await updates on the contract talks and the potential for Rhodes to continue his journey in the WWE, as the company looks to solidify its talented roster.