Board Thread:Theories and Speculation/@comment-36300243-20180723092044/@comment-27821571-20180808171233

I doubt they would bring back Jiraiya. He didn’t bring back for the war, so I doubt he’d have him turn out to be another character. He could indeed have some connection to Jiraiya but I doubt he is Jiraiya himself.

I’m pretty sure Kishi wanted Jiraiya’s battle with Pain to be his last time to shine.