What kind of wood chips, do they wick water? How big are they compared to the rhizome? I suspect it wouldn't like the turface, doing better with larger chunks of stuff but the wood chips may help. The "rugosa" I am growing has it's rhizome completely above all substrate and it is one of the drier preferring jewel alocasias. You may not need to move it as much as make sure nothing sits on top of the rhizome.
I'm just worried that it's spent so much time dormant that it doesn't have much energy to come back