Hatton, 33, attended a British Boxing Board of Control (BBBoC) meeting in Cardiff on Wednesday and is set to hold a news conference on Friday.
General secretary Robert Smith told BBC Sport: "His licence will be granted pending the completion of medicals.
"He spoke well, looks fit and he wants to have one more hurrah."
Hatton, nicknamed 'The Hitman', has not fought since suffering a second-round knockout by Manny Pacquiao in May 2009.
The Manchester-based former light-welterweight and welterweight champion formally retired last year with a record of 45 wins and two defeats and now runs his own promotions company.
In 2010, Hatton was stripped of his licence to box by the BBBoC after allegations of cocaine usage.
"He looks very well, everything seems to be in order and he's sorted himself out," Smith said.
"From what he was saying, he seems very settled with his family. He has already had some of the medicals and we are making sure he's on track."