The details are still coming in, but I've received word that there's a very strong chance that Hulk Hogan has signed a contract with TNA Wrestling and will announce the deal today.

Hulk Hogan is doing the media rounds this week to promote his new book and his holding a press conference this afternoon at Madison Square Garden in New York City. Actor Mickey Rourke will be hosting a Q&A session with Hogan during the press conference.

A source who is at Madison Square Garden has informed us that there are Spike TV & TNA Wrestling banners at the press conference.

Considering Hogan's rocky relationship with TNA booker Vince Russo, this should be interesting to say the least.

More on this story as it develops.

** UPDATE: ERIC BISCHOFF Joining Hulk Hogan In TNA - TONS of Details