All Elite Wrestling (AEW) is set to lose another vital backstage talent, with Arn Anderson revealing he will not be extending his contract with the wrestling promotion.

A WWE Hall of Famer under The Four Horseman with Ric Flair, Barry Windham, Tully Blanchard and manager J.J. Dillon, Anderson announced on his podcast that he wants to focus on spending time with his son Brock Anderson.

Brock was also signed to AEW but hasn't been used by the promotion in a few months. Confirming he won't extend his tenure with the company, Arn Anderson thanked Tony Khan for the four years.

“I want people to know I am very appreciative to having been in this business for 42 years. I have always said this business doesn't owe me anything," Anderson said on his podcast.

"I owe it everything. Here on the tail end of my career I have been very fortunate to work for AEW and Tony Khan for the last four years. I have been under contract.

"He is a great, great human being. He has taken the business and given it another option and a whole different category of what professional wresting is perceived to be, or will be or has been.

“The limited time I have left I want to spend with Brock (Anderson) because I think that Brock has aptitude and attitude. I think he will be a player for somebody.

"I just have to get him some experience and that is where I am going to devote my time. I want to develop Brock and teach him…The 31st is the last day of my contract."