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The Undertaker turned a lot of heads when it was announced that it was coming to Starrcast II. That does not mean that he will work for AEW. Starrcast II is an event organized in conjunction with AEW's Double or Nothing, but it's not the same thing.
However, this raises the question of what is the current status of the Undertaker as WWE. Dave Meltzer told Wrestling Observer radio that the Investigator's contract with WWE as a wrestler had expired.
The Undertaker earns $ 25,000 an hour to show up or $ 60,000 for three hours. So that's all that happens with Starrcast. It might be interesting to think about AEW who will participate in The Undertaker and, even though he will participate in the same event as The Elite, it is very unlikely that he will fight for them as his time in the ring could very well be finished.
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