Story highlights Harvey may become a hurricane later this week

Forecast models show it may make landfall in Texas

(CNN) Harvey is making a comeback.

The system is currently a tropical depression but it could become a hurricane before it is expected to hit Texas later this week.

Harvey initially formed just east of the Windward Islands, in the Caribbean Sea. It reached tropical storm status from August 17-19, but dissipated over the eastern Caribbean after encountering unfavorable environmental conditions.

After moving over the Yucatan Peninsula Tuesday as a tropical wave, the remnants of Harvey are now strengthening in the western Gulf of Mexico -- in an environment that is favorable for further development.

The National Hurricane center has issued a hurricane watch for the coast of Texas from Port Mansfield to San Luis Pass. A hurricane watch means that a hurricane is possible in the area within the next 48 hours.

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