Nah, it's definitely not happening.
The way I see it, the only chance of that happening was when Nagato restored the dead Leaf ninja. I'm thinking if Naruto had requested it, he could've have Jiraiya brought back.
However that would have made such a good part of this Arc pretty pointless, and there's no way any dignified author would kill of a character completely, work the other character's emotions around that death, use that death as a character's fuel to win, (for a short time yeah?) and then bring them back.
Although I thought it was sooo dumb when he was killed. He was definitely one of my faves.