After a period with RadioLive he moved to Ten on what is understood to have been on a lucrative three year contract.
It's not clear whether Ten intends to keep paying his salary - or a negotiated portion of it - or whether it will pay him out of the remaining two years in his contract.
If he does come back to TVNZ it would be a very different environment.
TVNZ news is now run by Ross Dagan, who is more more conservative than his freewheeling predecessor Anthony Flannery.
Flannery moved to Ten, where they created the Breakfast show with Henry in mind.
But the show was always a dog and never competed with breakfast shows Seven or Nine.
Henry was regarded as talented by some and as a boof head right winger by others.