Over the last month or so, there has been a major war of words between future WWE Hall of Famer Chris Jericho and the IWGP US Champion, and Bullet Club member, Kenny Omega. The feud seemed to settle down last week but early this morning (Nov. 5) the feud was put on a fast track. At this morning’s Power Struggle event, Chris Jericho challenged Kenny Omega to an IWGP United States Heavyweight Championship Match at Wrestle Kingdom.
Apparently, Y2J and Omega will settle their beef at Wrestle Kingdom 12 in Tokyo, Japan on January 4, 2018. Jericho last wrestled in the WWE this summer in a triple threat US Championship match on SmackDown Live versus Kevin Owens and AJ Styles. He is currently on a break from WWE to tour with his band Fozzy.
As for Y2J's contract status with the WWE, I believe he is or will soon be a free agent, however it is rumored that the WWE wanted to use him as Roman Reigns replacement at TLC before going with Kurt Angle.