Wolfe is the victim of the overcrowded roster and the company has not done much with him since SAnitY moved up to the main roster last year.
Wolfe is still under contract with the company and he will be working under the NXT UK brand. No word on if this is something he asked for but the feeling is that he’ll have a chance to stand out on NXT UK.
The door is always open for Wolfe to return to the main roster at some point but it looks like NXT UK will be his home for the foreseeable future.
There’s been talk of other wrestlers moving back to NXT. Triple H stated on a TakeOver conference call that he’s open to the idea of moving wrestlers back to NXT especially if they are not being used much on the main roster.
Tyler Breeze is one example of a Superstar that has asked to work on NXT shows.