There is strong talk going around WWE that John Morrison won’t be re-signed by the company when his contract expires soon. As noted yesterday, his contract is expiring shortly. We hope to have more shortly. Source: EWN
I think it'd be stupid for WWE to give up on him, given his ascent before his injury. He's also one of the more popular people in the business right now, and consistently puts on good matches when given the opportunity. Honestly, the only thing that I think that's ever held him back from being a main event guy is his lack of charisma on the mic.