The show will also include a 10-man tag team match, the return of Dan Lambert, and a submission match.
Reigns returns from his one-week sabbatical as the build to Day 1 continues.
Thursday's show also saw the announcement of MLW Azteca, Holidead vs. Willow Nightingale and LA Park vs. Homicide
This week's show will also see several X-Division matches, Josh Alexander in action, and more.
Charlie Dempsey also faced Joe Coffey, plus Moustache Mountain delivered a special holiday message.
The AEW World title and the Dynamite Diamond will be on the line tonight.
Katsuyori Shibata will also make a "major announcement" on the show.
Tuesday's show also saw the AEW debuts for Marina Shafir and Josh Woods.
Mike Knox and Matt Cardona also made appearances on a very promo-heavy edition of NWA Power.
The show will also feature Cora Jade vs. Dakota Kai and the in-ring debut of Harland.