I think that is unlikely given how much money it makes for the Beeb
As I understand it, Fred had a very big accident driving the new Morgan Super Three, rolled it and (along with a cameraman) was dragged along underneath it, both were wearing helmets but as Fred is a big chap and the roll bars on the Morgan are quite low he took the brunt of the hit. He also broke several ribs and was airlifted to hospital. Because this is now the subject of a BIG insurance claim and Flintoff has not been seen in public since I think the BBC has just put it on ice.
Whether it will return remains in the balance.