According to multiple sources in WWE, many are under the impression that Jeff Hardy has not signed a new contract with WWE and that he will most likely take some time away from the company reports ProWrestling.net.
Matt Hardy had seemed to hint that Jeff may have signed a new deal with the company recently, but later pulled it and stated he enjoyed getting attention from wrestling websites that made his blog #1 on MySpace.
While one WWE source indicated that it is possible Jeff could sign a short-term extension to keep him with the company temporarily, nothing has been confirmed and it is purely speculation at this point. It should be noted that there are no pay issues between WWE and Jeff over a new deal and it is more that he just wants to take some time off and has interest in making a return. There have been reports that Jeff has been telling friends that is currently working on an MTV-style reality show project.