On February 27, 2017, WWE announced that Phoenix would be inducted into the WWE Hall of Fame as part of the 2017 class.
Her induction made her the quickest female to be inducted after her retirement, as she had retired only five years prior, and made her and her husband Edge the first real-life couple to both be inducted.

Starting in 2018, Phoenix became a part-time color commentator for WWE, mainly for women-related events, starting from January 16 to April 3, 2018 for the first season of the WWE Mixed Match Challenge, commenting the tournament each week alongside Michael Cole and Corey Graves.
On January 28, 2018 at the Royal Rumble event, she made a one-night wrestling return as a face for the first time since 2012 by entering the first-ever women's Royal Rumble match as a competitor, making her the first person to appear in both a men's and women's Royal Rumble.
She entered at number 24 and lasted over two minutes before being eliminated by Natalya.

Phoenix went on to continue to work as a guest commentator at various events and mainly women's matches such as the WrestleMania Women's Battle Royal at WrestleMania 34, the 2018 Mae Young Classic, the women's Royal Rumble match at the 2019 Royal Rumble event, and the Elimination Chamber match to determine the inaugural WWE Women's Tag Team Champions at the 2019 Elimination Chamber event.

On March 10, 2019, at the Fastlane pay-per-view, Phoenix acted as commentator on the WWE Women's Tag Team Championship match between defending champions The Boss 'n' Hug Connection (Bayley and Sasha Banks) and Nia Jax and Tamina.
After their defeat, Jax and Tamina attacked Bayley and Banks; Phoenix came to their aid, soon joined by Natalya, but the four were still overpowered by Jax and Tamina.
The following day on Raw, Phoenix accompanied Natalya to her match against Jax, eventually causing a disqualification by attacking Jax.

On the March 18, 2019 episode of Raw, Phoenix announced that she was coming out of retirement; she and Natalya reformed their 2011–2012 tag team The Divas of Doom, and challenged The Boss 'n' Hug Connection for a WWE Women's Tag Team Championship match at WrestleMania 35; however, Tamina ambushed Phoenix after a distraction from Jax during a one-on-one match between Natalya and Banks.
On the April 1 episode of Raw, Phoenix wrestled her first match in nearly seven years, where she teamed with Natalya, Bayley and Banks, to face off against Jax, Tamina, and The IIconics (Billie Kay and Peyton Royce), where Phoenix's team emerged victorious after she pinned Royce following a Glam Slam.
At WrestleMania, Phoenix and Natalya lost to The IIconics during a fatal four-way tag team match for the Women's Tag Team Championship, when, after Phoenix performed a Glam Slam from the second rope on defending champion Bayley without realizing that The IIconics' Billie Kay had tagged Phoenix out, was thrown outside the ring by Kay's partner Peyton Royce, who allowed Kay to successfully pin Bayley.
On February 27, 2017, WWE announced that Phoenix would be inducted into the WWE Hall of Fame as part of the 2017 class. Her induction made her the quickest female to be inducted after her retirement, as she had retired only five years prior, and made her and her husband Edge the first real-life couple to both be inducted.
Starting in 2018, Phoenix became a part-time color commentator for WWE, mainly for women-related events, starting from January 16 to April 3, 2018 for the first season of the WWE Mixed Match Challenge, commenting the tournament each week alongside Michael Cole and Corey Graves. On January 28, 2018 at the Royal Rumble event, she made a one-night wrestling return as a face for the first time since 2012 by entering the first-ever women's Royal Rumble match as a competitor, making her the first person to appear in both a men's and women's Royal Rumble. She entered at number 24 and lasted over two minutes before being eliminated by Natalya.
Phoenix went on to continue to work as a guest commentator at various events and mainly women's matches such as the WrestleMania Women's Battle Royal at WrestleMania 34, the 2018 Mae Young Classic, the women's Royal Rumble match at the 2019 Royal Rumble event, and the Elimination Chamber match to determine the inaugural WWE Women's Tag Team Champions at the 2019 Elimination Chamber event.
On March 10, 2019, at the Fastlane pay-per-view, Phoenix acted as commentator on the WWE Women's Tag Team Championship match between defending champions The Boss 'n' Hug Connection (Bayley and Sasha Banks) and Nia Jax and Tamina. After their defeat, Jax and Tamina attacked Bayley and Banks; Phoenix came to their aid, soon joined by Natalya, but the four were still overpowered by Jax and Tamina. The following day on Raw, Phoenix accompanied Natalya to her match against Jax, eventually causing a disqualification by attacking Jax.
On the March 18, 2019 episode of Raw, Phoenix announced that she was coming out of retirement; she and Natalya reformed their 2011–2012 tag team The Divas of Doom, and challenged The Boss 'n' Hug Connection for a WWE Women's Tag Team Championship match at WrestleMania 35; however, Tamina ambushed Phoenix after a distraction from Jax during a one-on-one match between Natalya and Banks. On the April 1 episode of Raw, Phoenix wrestled her first match in nearly seven years, where she teamed with Natalya, Bayley and Banks, to face off against Jax, Tamina, and The IIconics (Billie Kay and Peyton Royce), where Phoenix's team emerged victorious after she pinned Royce following a Glam Slam. At WrestleMania, Phoenix and Natalya lost to The IIconics during a fatal four-way tag team match for the Women's Tag Team Championship, when, after Phoenix performed a Glam Slam from the second rope on defending champion Bayley without realizing that The IIconics' Billie Kay had tagged Phoenix out, was thrown outside the ring by Kay's partner Peyton Royce, who allowed Kay to successfully pin Bayley.
Beth Phoenix