UPDATE - I just discovered, it's not the 40 meter asteroid. It's a much smaller object only 2 meters in diameter.
Details here: it's a light object that's going to burn up south of Sri Lanka.
Only about 2 meters in diameter, far too small and light to get down to ground level, but might be visible as a bright fireball. The fuel tank hypothesis seems likely :).
That's because of the presence of the Moon, makes the gravity around Earth very complex and it is easy for satellites to get captured temporarily depending on how they approach the system, can then orbit around Earth for months or longer, before usually, eventually departing back into interplanetary space, just through the gravitational effects of the Earth, Moon and Sun.
The space junk is especially likely to do this since it was launched into space from Earth originally. So, it's not too surprising if eventually, years or decades later, it returns to Earth.
There is nothing hazardous currently predicted for that time,or indeed at any time in the next century. There's a small object only 40 meters in diameter due to fly by at 60 times the distance to the Moon. My original answer was about that, but turns out that's not what it is so I've cut that section, will put it as a comment.