I was in on the variant Loki theory (it fits the best thematically) until this most recent episode. After a room full of Lokis it would be a little underwhelming to have it be another Loki. And what would be the version? Best Loki? I guess it could be. The Loki that won trying to keep potential rival Lokis down by maintaining the timeline where he loses and dies.
I guess I still I think Immortus (who I maintain is distinct from Kang) is most likely. Another possibilty that I haven't seen discussed much is that it could be a variant of Ravona, or even Mobius.
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