The former WBA welterweight champion has not fought since he was outclassed by Manny Pacquiao back in 2009, and confirmed that his career was definitely over last July.
But the Daily Star reports that the 33-year-old Mancunian has decided to do a U-turn, and will fight former rival Paulie Malignaggi in late November.
Hatton stopped Malignaggi in the 11th round when they met back in 2008, the Hitman inflicting what was at the time just the second defeat of Malignaggi's professional career.
And the New Yorker is said to be "desperate" to avenge that defeat, and will be happy to become the first opponent for Hatton as he resurrects his career.
Since retiring Hatton has struggled to readjust to life, with his weight ballooning and a cocaine habit landing him in rehab.
But the newspaper reports that he has lost two and a half stone and is as fit as he was at the height of his career.
Hatton's return is initially set to be for two bouts, but if all goes well he is already hoping to earn a re-match with Pacquiao.
The Filipino superstar destroyed the Brit in two unforgettable rounds in Las Vegas in May 2009, a result that left Hatton devastated. He later admitted that he considered suicide after the loss, and reportedly remains convinced that could do himself justice if given another chance.