Hulk Hogan has revealed that ''things are moving in that direction'' in terms of him making a return to the WWE.

The 64-year-old wrestling has been in talks with the company about making a comeback the past few months, and HOgan admits it's getting closer and closer.

Speaking on the red carpet ahead of his Legends of the Ring event with fellow in-ring hero Ric Flair on Saturday night (09.06.18), The Hulkster said of the negotiations: ''I'm ready. Things are moving in that direction quite quickly. It's all about execution, timing, and right place, and right time. But things are good.''

Hogan - real name Terry Bollea - had his contract with WWE terminated in 2015 following the publication of a transcript taken from a sex tape recording revealed him using the ''N-word'' during a conversation about his daughter Brooke's then-boyfriend.

The multi-time world champion was also was removed from WWE's Hall of Fame, his merchandise pulled from online stores and all mentions of him taken off the brand's official website. However, he has been slowly re-introduced to the company in recent months.

The sex tape in question had been made in 2007 without his consent and a clip was run on gossip website Gawker in 2012 which showed him in bed with Heather Clem, the now ex-wife of his former friend Bubba 'The Lovesponge' Clem.

Hogan took legal action against Gawker Media and was awarded $115 million in March 2016 for defamation, loss of privacy, and emotional pain caused by the leak.

He ultimately received $31 million after reaching a settlement with the company in November 2016.

Hogan has profusely apologised for his offensive language and the whole incident - which came at a time when he was suffering from depression - and has admitted he just wants to make amends for his mistakes.

He said: ''Everybody gets knocked down. A true champion gets back up and moves forward in a positive way. Nobody ever said life would be fair or you'd always make the right decisions, but through tenacity and a willingness to learn from your mistakes is what I'm all about.

''People know me. I'm human being like anybody else, and sometimes, people make mistakes. When they do, you watch that person a little bit more closely than you did before to see what kind of person they really are. I just want people to judge me by my actions, not a few misspoken words.''