It appears that WWE will be holding both King and Queen of the Ring tournaments this year.
Andrew Zarian of the Mat Men Podcast reported on Friday that the King of the Ring tournament will be making its return this October, with the finals set to be held when WWE returns to Saudi Arabia that month. That's in addition to the first-ever Queen of the Ring tournament that's also reportedly set for October.
Zarian has reported that the Queen of the Ring finals will also take place in Saudi Arabia. The Saudi Arabia show is planned for Thursday, October 21 but hasn't been officially announced.
October's show in Saudi Arabia will be the first time WWE has held an event in the country since the start of the COVID-19 pandemic. WWE was last in Saudi Arabia for Super ShowDown in February 2020.
WWE's last King of the Ring tournament prior to this took place in 2019. Baron Corbin defeated Chad Gable in the finals.