Police said they received a report from an intoxicated person in Myrtle Beach about 11 in the morning. Soon after, the authorities arrested Hardy without incident and accused him of public intoxication.
Hardy paid $ 153 bail and was released the same day.
In a statement, WWE said: "Jeff Hardy is responsible for his own personal actions."
The veteran wrestler is a nine-time label team champion in WWE with his brother Matt.
Hardy said in May that he did not expect to return to action for six or nine months.