Rey Mysterio, 34, has agreed to all terms on a new contract, but it has yet to be confirmed if he has officially signed the deal. Mysterio has agreed to terms for a three-year deal with a two-year option. His current contract with WWE was set to expire soon. It actually would have expired already, but the company extended it due to all the time he missed as a result of his various injuries. The standard WWE contract allows the company to extend it in the event of long hiatus.

We’ve received numerous questions regarding where Rey Mysterio has gone on WWE TV recently. Ask and you shall receive they say. The first problem for World Heavyweight champion Mysterio is still not medically cleared to wrestle (even though he wrestled Carlito several weeks back on RAW). The second, and larger problem however is, Mysterio and the WWE are said to be in the midst of a rather severe contract dispute.

Mysterio, of course, feels he is significantly underpaid compared to the other top stars in the company, and is seeking a good amount more money than the company is reportedly willing to pay.

True to high profile negotiations, Mysterio is said to have told friends that he’s open to the idea of returning to the AAA promotion in Mexico if WWE doesn’t give him want he wants. The wild thing is that there’s still plenty of time left in his contract (about a year), but he’s quite frustrated at the moment.

The other side of the story is that from WWE’s standpoint, they view Mysterio as injury prone. Undeniably, Mysterio’s a big merchandise seller, but they want him to prove he can stay healthy. He has spent the majority of the past two years on the sidelines, collecting a pretty substantial downside guarantee.

But, Mysterio should be cleared to return to the ring full-time in a 2-3 weeks is our best estimate. Good Luck Rey.