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According to Ryan Satin of ProWrestlingSheet.com, despite working last nights WWE NXT TV tapings at Full Sail University, James Storm has yet to sign a full-time contract with WWE.
Additionally, the report notes TNA wants Storm to re-sign with the company, and last week made him a sizable money offer which remains on the table.
WWE offered Storm a ticket to visit backstage at NXT Takeover Respect to further discuss Storm working with WWE and NXT. WWE reportedly wants Storm to sign a deal similar to that of Samoa Joe, but as of last night, Storm has yet to sign full-time with the company.
TNA reportedly reached out to Storm yesterday morning, when news broke that he was backstage at Full Sail for the NXT tapings, and made him an even bigger money offer, but apparently Storm is still weighing out his options.
http://www.wrestlezone.com/news/628733-news-on-james-storms-nxt-status
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Much as I love Storm, I can't imagine a return to TNA is what's best for him. Certainly not with where he left off (though I'll at least credit TNA with actually blowing up The Revolution and putting a finite end to it before he left), where things are with them contractually with television, etc.
NXT seems to be the place to be right now, especially if you are looking to impress WWE enough for a full-time contract and main roster spot.
I can't fault TNA for trying, but in this case, it's probably for gesture, or maybe to help him along with negotiations. He really ought to be WWE bound.