#4. Banks could pursue the WWE Women's Tag Team titles with Naomi or another star.
The current WWE Women's Tag Team Champs are Carmella and Queen Zelina. If Banks isn't slated for a major title match for WrestleMania 38, she could easily challenge the women's tag belts.
Banks and Bayley were the first to hold those titles. The last time the friends crossed paths was after Bayley attacked Banks. The Boss ended up winning the SmackDown Women's title from the former Hugger but turned heel to feud with Bianca Belair.
The Boss has always been an ally of Naomi. She even had words with Sonya Deville over her treatment of her friend and may help her out upon her return.
An easy way to book a returning Banks would be to pair her with Naomi. Carmella and Vega may still hold the titles heading into WM. There aren't a lot of established teams currently, as Rhea Ripley and Nikki A.S.H. are destined to break up. It would give her something to do while also allowing someone different to have a title shot.