Ok, so I did some digging over the holidays and unfortunately had to interrupt some family time to see if this rumor had legs.
Based on three people I spoke with, who have previous ties to K-State and likely connections to Venables, none of them have heard such a rumor about BV coming back this offseason as HCIW.
How reliable are these sources? One I would think to be pretty well in tune with things, the other two I really can't say. Therefore, I'm not going to say there's absolutely no way and/or that this rumor is 100% false. Time will tell, but the men I interacted with sure acted surprised to hear the rumor because they hadn't heard a peep of anything related to BV.