Liv Morgan began her fourth Women’s World Championship reign at WWE Money in the Bank on Oct. 10 in New Orleans. The company counts Morgan’s 2022 SmackDown Women’s Championship reign in the same title lineage. Morgan beat Becky Lynch for the title at King and Queen of the Ring in May 2024, and Rhea Ripley ended that reign on the Jan. 6, 2025, Raw. The third reign began at WrestleMania 42 in April and ended in Santiago, Chile, on Sept. 12. Morgan’s next match comes at Crown Jewel on Nov. 7.
Stephanie Vaquer has held the Women’s World Championship twice. The Chilean star won the vacant title by beating IYO SKY at Wrestlepalooza on Sept. 20, 2025, and lost it to Morgan at WrestleMania 42. Vaquer won it back in her home country on Sept. 12, and the second reign lasted 28 days before Morgan pinned her in New Orleans.
Vaquer suffered an ankle injury in the Money in the Bank triple threat. The former champion was on crutches on the Oct. 12 Raw, telling Lynch she would be fine in “a few days.” WWE has not announced a timeline for her return. Vaquer also missed more than three months after WrestleMania 42 before returning on the Aug. 3 Raw.
Lynch has been chasing Morgan since returning on the Aug. 3 Raw, calling the champion’s reign the worst of all time. Lynch, as special guest referee on Sept. 12, stopped her count at two after Morgan hit Oblivion, and Vaquer won the title. The No. 1 contender’s match between Lynch and Morgan on the Oct. 5 Raw ended without a winner after Vaquer attacked both women.
Lynch was not pinned in New Orleans. Vaquer kicked the Man off the apron and through a table, and Morgan then pinned Vaquer with Oblivion. Raw General Manager Adam Pearce added Vaquer to the title match after the Oct. 5 finish. Lynch and Morgan have been rivals since their 2024 feud over the same championship.
Roxanne Perez has worked closely with Morgan and Raquel Rodriguez on Raw. On the Oct. 5 Raw, Perez and Rodriguez beat Lola Vice and Sol Ruca. A week later, Perez pinned WWE Women’s Champion Chelsea Green with Pop Rox in a non-title match after Morgan and Rodriguez distracted the champion.
Perez also competed in the women’s Money in the Bank ladder match in New Orleans. Tiffany Stratton won the briefcase. Perez is a former NXT Women’s Champion. Earlier in 2026, Perez and Morgan challenged Ripley and SKY for the Women’s Tag Team Championship at Saturday Night’s Main Event.
SKY lost to Morgan for the Women’s World Championship on Night 1 of SummerSlam on Aug. 1. The Genius of the Sky reached that match by winning the 2026 Queen of the Ring tournament. SKY also held the Women’s World Championship in 2025, beating Ripley on the March 3 Raw before losing it to Naomi’s Money in the Bank cash-in at Evolution.
SKY was off WWE television after the Aug. 10 Raw, and the former champion said she had been on vacation in Japan. At a Sept. 9 live event in Quito, Ecuador, SKY lost a fatal four-way for the Women’s Intercontinental Championship. Rodriguez retained the title.
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Lynch should get the first shot after Crown Jewel, and Morgan should beat her. The Man has been chasing the champion since August, and their last one-on-one match ended without a winner. A Morgan win settles the feud and makes the fourth reign look stronger heading into the end of 2026. Lynch can move on without the title picture hanging over her.
Vaquer should be the one who takes the title. Morgan has beaten the Chilean star at WrestleMania and in New Orleans, and the next meeting should go Vaquer’s way. The injury gives Vaquer time to heal while Morgan handles Lynch. A December title win would make the former champion the top star of the Raw women’s division.
Perez and SKY are the challengers to save for 2027. Perez needs a betrayal story with The Judgment Day before she can headline against Morgan, and a singles title shot would be the biggest match of her main roster career. SKY needs a regular spot back on Raw first. Perez and SKY can both be built into serious contenders while Vaquer gets her rematch.
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