Once Jeff Hardy is ready to return, have him maliciously attack MVP during a rematch between MVP and Matt at a PPV.
MVP wins the match due to DQ from Jeff causing a rift between the two. Jeff turns into a sadistic heel and will stop at nothing to injure or end the career of MVP, in turn pushing Matt and Jeff farther apart due to some crazy interferences, etc.
MVP turns face (hear me out) and feuds with the evil Jeff Hardy through a few PPVs (Matt guest referee, cage, streetfight are all ideas) leading up to a fatal four way between MVP, Jeff, Matt, and whoever the WHC title holder is at the time with the title holder retaining, but MVP getting the chance to prove himself against the champ. MVP then finishes his feud with Jeff and asks for a rematch with the title holder, in turn winning the belt and becoming the WHC.
Just spliced it together, needs some tuning.
Man, if Jeff attcked MVP, no matter how viciously, do you think fans would boo the high flying rock stay who they connect with, and start to cheer the arrogant, rich, pompus douchebag, who they can't connect with at all?