After doing some research at WWE’s “Title History” page, I found that there are only 5 men who have hold both WWE’s Intercontinental & European championships and are not currently under contract. Both Shawn Michaels and Triple H have held both titles but are obviously not eligible.
Of the five men who held both titles and are not currently under WWE contract, two of them are already under TNA contract. Those two are Jeff Jarrett and Christian Cage.
The remaining wrestlers who held both the WWE Intercontinental and European championships and are free agents are Andrew “Test” Martin, D-Lo Brown and Rob Van Dam.
Andrew “Test” Martin recently made several appearances for TNA. He worked without a contract and was sent home because of his unreasonably muscular body. TNA told Test to drop some some muscle mass and he showed up to the next taping even larger. TNA knows Congress is watching and Martin was too much of a liability to have on the roster.
D-Lo Brown recently wrestled several dark matches for WWE. Management was reportedly impressed with D-Lo’s performance and liked that he is a talented performer without a “musclehead” physique.
Rob Van Dam recently stated in an interview that he would be open to working for TNA Wrestling. He put over the benefits of TNA’s lighter schedule and was very outspoken about his final months in WWE. RVD saw the writing on the wall when Bobby Lashley won the ECW title and the remaining glimpses of the original ECW died.