We have been reporting for several weeks now that Mick Foley's deal with WWE expires on September 1st and he has stated that he doesn't believe he will re-sign after being unhappy with his new role as an announcer on Smackdown.

Wade Keller of PWTorch.com is reporting today that Foley has agreed to contractual terms with TNA, and he will debut with the company when he is contractually able to do so.

As we mentioned earlier, Foley's deal with WWE ends September 1st and TNA just recently taped their shows for the next three weeks, which means Foley's TNA debut could be at No Surrender on September 14th, unless there is a no-compete clause in his contract.

We will have more on this story as it develops.