#1 Jeff Hardy
Yes, Jeff Hardy is back! After WWE airing some amazing videos on the career of the Charismatic Enigma, Jeff Hardy finally had his returning match against Cesaro at WWE Money in the Bank. Many fans weren't happy with WWE putting Hardy's return match on the pre-show, but whoever watched it know that he can still create magic inside the ring.
Hardy has straightaway got into a heated rivalry with The Celtic Warrior, Sheamus. While WWE can surely have a non-title feud between the two veterans, having one of them win the Intercontinental Championship tournament could be a good way to develop the rivalry as well.
There could be many sub-feuds in this tournament that could lead to some intense showdowns, and one of them could be a final between Sheamus and Jeff Hardy with Jeff Hardy winning the match and the Championship. The two can then continue their feud with the title involved.
There have been reports of Hardy being in line for a major push with Vince McMahon being impressed with him since his return. The company doesn't want him to follow his brother Matt Hardy to AEW when his contract gets over and hence there is a huge possibility that WWE puts the Intercontinental Championship on him.