Dave Meltzer reported in this week's Wrestling Observer Newsletter that Banks met with McMahon last Thursday, May 23. According to Meltzer, "Things are said to be better and she could be back sometime this summer but nothing is official."
As of a month ago, it was reported that WWE and Banks were "at a stalemate". At that juncture WWE seemed prepared to let Banks sit out for the remainder of her contract, as they did with Pac when he walked out in 2017.
In her absence, Banks' "Boss and Hug Connection" partner Bayley was moved over to the SmackDown brand in the Superstar Shake-Up. On May 19, Bayley won the women's Money in the Bank briefcase, and subsequently cashed in the same night on SmackDown Women's champion Charlotte.