While there are a few pieces that still have to fall in place for this to happen, there is talk within WWE that Jeff Hardy will be brought back in time to wrestle C.M. Punk at WrestleMania 26.
At the time of his departure from WWE over the summer, the general feeling within WWE was that Hardy would be back in a few months. Just weeks after he left the company, police raided Hardy’s Cameron, North Carolina home and found a staggering quantity of prescription pills, among other substances. He was arrested and charged with multiple felonies. From the police report:
Jeffrey Nero Hardy was arrested on September 11, 2009 and charged with felony trafficking in opium, two counts of felony possession with intent to sell or deliver a Schedule III controlled substance, felony maintaining a dwelling to keep controlled substance, felony possession of cocaine, and misdemeanor possession of drug paraphernalia.
At this point, the biggest obstacle between Jeff Hardy and a WWE return are the charges he’s facing. He is due back in court on January 27th for a probable cause hearing to determine whether there is enough evidence for his case to proceed to a grand jury. The grand jury would then decide whether to prosecute Hardy for the various felonies she’s been charged with.
With Linda McMahon’s United States Senate campaign a strong factor in what happens in WWE (ie. WWE toning down their product to TV-PG, family-friendly programming), the feeling is that WWE would not want to bring him back until Hardy’s legal woes gets put to bed.