Chris Jericho is one of the most renowned names in the history of professional wrestling. While the majority of his peers and contemporaries have ridden off into the sunset or retired from the squared circle, Jericho is still an in-ring performer, even after three decades in the business.After spending years as a top attraction for WWE, Jericho signed with AEW in 2019. He has served as a veteran competitor on the roster since then. However, the former Undisputed WWE Champion has been absent from television, with his last appearance coming in April 2025.Amid his prolonged hiatus, Jericho has been rumored to return to WWE for one final run in wrestling. However, should that debate be all smoke and no fire, here are four things Chris Jericho could do in AEW.#4. Form a new factionChris Jericho has been the creator of top factions during his stay in AEW. He started with Inner Circle, which elevated stars with huge potential, like MJF, to the next level. Most recently, he worked with Big Bill and Bryan Keith as part of The Learning Tree. With stables seemingly becoming one of his pivotal things in All Elite Wrestling, The Demo God could form another unit, comprising new stars to bring them into the spotlight. However, for that, Jericho would have to abandon the idea of returning to WWE and stay in AEW.#3. Dream matchesChris Jericho has competed against top stars like The Rock, Stone Cold Steve Austin, John Cena, Shawn Michaels, and more in his illustrious career. Even in AEW, the former Ocho has wrestled marquee names like Kenny Omega and Jon Moxley. However, there are still dream matches left for Jericho to participate in at All Elite Wrestling. Should he return to the company, The Ayatollah of Rock' n' Rolla could compete against veterans like Adam Copeland or even Christian Cage, with whom he has teamed up in tag team matches.#2. Elevate a rising AEW starWhen athletes attain veteran status in the wrestling business, many of them work with younger talent to help elevate them to the next level. Chris Jericho could be one of them, as he is all about giving back to the industry that made him an icon. Should he make his stay with the Jacksonville-based promotion, Tony Khan could book him in a high-profile rivalry with a rising star like Kyle Fletcher, Daniel Garcia, or Darby Allin, utilizing his star power to benefit their young careers.#1. One last run as championChris Jericho defeated Kenny Omega at the inaugural AEW pay-per-view, Double or Nothing 2019. He went on to become the first-ever AEW World Champion by defeating 'Hangman' Adam Page at All Out in August. He also won the FTW Championship one time.So, should he make his way back to Tony Khan's company, there are other championships Jericho could go after, like the TNT or Unified titles, or even the newly introduced AEW National Championship. The promotion could use Jericho's status to elevate these belts to new heights by giving him one more run as champion.