Will my belly button piercing ever close up more than it has? (Photo)

I got my belly button pierced when I was 18 and took it out a few months before I turned 20. It's been almost 8 months since it's been out and the inside seemed to heal, I cant but anything through it, but it still looks the same as when I took it out. I was wondering if it will ever close completely or if I will always have this ugly hole?