All wrestlers

Press Up(2), Down(2), Left, Right, Left, Right, Y(2), X at the main menu. A message will confirm correct code entry. After enabling the code, go to the options screen and save your options. This will keep all wrestlers unlocked if you start your game over.

Captain Lou Albano

Successfully complete career mode with a wrestler in the "Hated" category.

David Von Erich

Successfully complete career mode as Kevin Von Erich.

Dory Funk

Successfully complete career mode as Terry Funk.

Fritz Von Erich

Successfully complete career mode as Kerry Von Erich.

Ivan Koloff

Win the versus tournament.

Jimmy Hart

Successfully complete career mode with a wrestler in the "Loved" category.

King Kong Bundy

Win the Southeast Territory in career mode.

Michael Von Erich

Successfully complete career mode as David Von Erich.

Mr. Fuji

Win the Tag Belts in tournament mode.

Robert Gibson and Ricky Morton

Win the tag tournament.

Sabu

Successfully complete career mode as The Sheik.

Bonus arenas

Successfully complete the game in career mode to unlock the Back Lot, Gym, Beach Resort, and Casino arenas in exhibition mode.

Real names

When creating a wrestler, you can make people such as Ric Flair, Hall, Nash and others and the announcer will actually say their names.