Jeff Hardy's contract with TNA Wrestling is coming up in February 2013. There continues to be a lot of speculation regarding his future but TNA will reportedly open negotiations for a new deal prior to the contract coming up.
As has been the trend of late, TNA has cut the rate of guaranteed money to talent re-signing contracts.
For those speculating a possible return to WWE for Hardy, there are several factors in play. One, WWE would have to be interested and the ongoing litigation brought against by TNA would have to be over. Hardy would also return with two Wellness Policy strikes and would be subject to stringent testing procedures.