As previously mentioned, sources close to Alex Shelley report that he did receive phone calls from WWE recently but reports of him signing with WWE or even agreeing to terms are said to be premature. The same sources say that Shelley allowing his TNA contract to expire had nothing to do with WWE.
Shelley’s original plans when deciding to leave TNA were to work for New Japan Pro Wrestling and maybe Dragon Gate USA. WWE did recently show interest and he was not expecting that to happen when he let his TNA deal expire. Shelley had been working on a deal with New Japan for some time and was apparently close to signing it when WWE called.
(Source: Wrestling Observer Newsletter)