Note: I posted this in another thread, but I decided to post it here because I thought it would fit the topic better [Again, please excuse my tracin'].
I believe that the ragged parts of clothin' around his arms are indication of ripped off sleeves, like a Shoto character from Street Fighter.
I think that that long tip behind his right arm is actually an end of a ponytail instead of part of the ragged sleeve because it looks too long and out of place to be apart of the rips. The rips has the largest pieces at the top, and gets smaller as it goes lower.
What if that "big collar", wasn't a collar at all? I'm startin' to think that that "big collar" isn't one because it looks like it not attached to his shirt/jacket, and is actually comin' around into view from behind his head. I believe it's actually a headband instead.
Also, the furry wrist gauntlets and boots looks very similar to Yun's P2 costume's gauntlets and boots in SCIV.
I still believe that this guy's gonna be a new character, but if he's a returnin' character, I think he's probably a matured Yun, or an older Kilik. But no matter which, I'm pretty sure that this character won't be wieldin' a classical western weapon like a rapier.
EDIT: I'm startin' to think it could be Bangoo. Rugged clothin', furry gauntlets/boots, headband...Could be, no?