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Dirt sheets are gassing it up, but idk, seems unlikely. Phil would have to swallow a lot of pride to return to the place that not too long ago he was saying he could never return to, because it was the place that was 'making him sick', and if we've learned one thing, it's that Phil is pathologically incapable of ever accepting he might have been wrong about something.
On the WWE side, management would have to weigh up the potential for making money with Punk merch (not sure he'd draw much in terms of viewers or Peacock subs) against the damage his backstage chimpouts might cause the brand (not to mention the morale of the performers)