However, an early new year homecoming is increasingly unlikely judging by UFC president Dana White's remarks on SportsCenter today.
Who would you like to see McGregor fight next? He hasn't stepped inside the Octagon since November 2016 when he won the 155-pound title.
"There is no status", White told ESPN.
"What we have to do is - he needs to defend that title", White said on FOX Sports' Undisputed when asked what he thought was next for McGregor. When he won the 155-pound belt, he dropped the 145-pound belt, which we made him do.
In October, St-Pierre told ESPN it would be "an incredible honor" to fight McGregor (21-3), but he would not call out a smaller fighter. The Irish champ, who reportedly banked more than $100 million for "The Money Fight", has said he wants an ownership stake in the UFC, which White won't entertain. People loved it, so somewhere down the line there's a possibility for a trilogy, but right now he has to defend his title against Tony Ferguson.
The former welterweight champion recently returned after a four-year hiatus and defeated Michael Bisping for the UFC middleweight title.
"There's some f-- exaggeration in saying the guy has never defended a title", White said.
In vacating his middleweight belt, GSP violated a clause in his contract that mandated he defend his title, should he win.
It's a similar situation to late 2015, when McGregor won the UFC's featherweight title by knocking out Jose Aldo.
Citing the windfall that the Dubliner received for his TKO loss to Floyd Mayweather, White is banking on McGregor getting bored of the fruits of his labour and itching to return to action. It looks like if Conor McGregor doesn't come back promptly to fight Tony Ferguson, he will not be stripped.
One person you won't have to worry about seeing the Irishman fight, according to White, is Georges St-Pierre. "They're both waiting, if Georges wants to come back", he added.