Cody Rhodes showed up on AEW Dynamite this week, marking his first appearance for the company in four years — though not as part of any current AEW storyline.
The moment carried extra weight given Rhodes’ history with the promotion. He was one of AEW’s founding executive vice presidents back when the company launched in 2019, helping shape its early identity alongside the Young Bucks and Kenny Omega before departing in 2022 to return to WWE, where he has since become one of that company’s top stars and a multi-time world champion.
Details on the exact nature and purpose of his Dynamite appearance remain limited, but the fact that it happened at all is significant on its own. Rhodes’ split from AEW in early 2022 was, at the time, one of the more notable exits in the promotion’s short history, and his name has largely stayed out of AEW programming since his move back to WWE. For him to turn up on Dynamite — even outside of a storyline context — is the kind of moment that tends to get the wrestling world talking regardless of the specifics.
It’s worth remembering that Cody isn’t the only Rhodes with ties to both companies; his half-brother Dustin Rhodes has remained a fixture in AEW for years. Any crossover moment involving Cody naturally invites speculation about the relationship between the two promotions, especially at a time when AEW and WWE talent rarely appear on each other’s programming outside of very specific, mutually agreed-upon circumstances.
AEW founder Tony Khan has periodically shown a willingness to acknowledge the promotion’s early history, and Rhodes remains a foundational figure in that story whether or not he’s an active part of the roster. Whether this appearance opens the door to any further connection between Rhodes and AEW — even a one-off nod rather than an in-ring return — is unclear for now.
For a promotion that built its identity in part on breaking from the traditional wrestling landscape, seeing one of its own founders resurface, even briefly, is a reminder of how much has changed in AEW since 2019. Fans will be watching closely to see if this appearance was a standalone moment or the first sign of something bigger to come.
Reporting and match coverage produced by the PW Exclusive team. Articles under this byline are drafted with AI assistance and reviewed before publication — see our editorial standards for how we work.
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