A new WWE draft may happen in late August and early September.
According to Andrew Zarian of the Mat Men Podcast, this year’s WWE draft is tentatively scheduled for the Monday, August 30 Raw and Friday, September 3 SmackDown. Dave Meltzer confirmed that the dates are “penciled in” as of now but there’s a possibility that they will change.
The last two years’ drafts have taken place in mid-October.

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