It could also center around a mystery related to their previous participation in the Triwizard Tournament. Something that was left unfinished or a secret that's now starting to surface. Their return might be triggered by signs or prophecies related to this mystery. They would then have to work together, along with Harry Potter and his friends, to solve it and prevent any potential disasters in the wizarding world.
Obviously, the previous Triwizard champions like Cedric Diggory (even though he passed away, there could be some magical way he's brought back), Fleur Delacour, and Viktor Krum would be the main characters. Harry Potter himself would also be involved as he was an unexpected champion in his time.
One possible plot could be that the founders return during a time of great crisis at Hogwarts. Maybe a new dark force is emerging and their magic and wisdom are needed to combat it. They could help modernize some of the old Hogwarts traditions while also teaching the students the purest form of magic that was once known in their era.
It's hard to say without reading the fanfiction. They could be the Triwizard champions like Cedric Diggory, Fleur Delacour, and Viktor Krum. Or it could be some new champions created specifically for this fan - made story.
I'm not entirely sure as there could be many different interpretations. It might be about how Harry Potter is safeguarded by the champions in some sort of alternate scenario within the fan - created story.
The plot might revolve around a dark force in the Harry Potter world that has something to do with Horus's inability to return home. For example, a dark wizard could have trapped Horus for some evil purpose. Harry then discovers this and has to battle the dark wizard while also finding a way to free Horus and send him home. There could be epic duels and magical mysteries to solve along the way.
The plot might involve a young trainer who idolizes the champions and somehow gets involved in the 'champion of champions' event. They could learn a great deal from the champions and even face off against them in some unexpected situations. For example, the young trainer might discover a new battle strategy while watching the champions battle and then use it to their advantage when they have to fight. There could also be some sort of mystery or hidden agenda among the champions, like someone is trying to disrupt the event for their own gain, and the young trainer has to help stop it.
Another plotline could be a champion who discovers a dark secret about the tournament's origin. They might find out that it was originally created as a means to control or manipulate young wizards, and they have to decide whether to expose it or play along to protect themselves and their friends.
One interesting storyline could be a deeper exploration of the relationship between the Triwizard champions outside of the tournament tasks. For example, how they might support or secretly envy each other. Another could be a fanfiction where the tasks are altered in some creative way, like a new magical creature being introduced in the first task. And some might focus on the backstories of the champions, like what Cedric Diggory was really thinking and feeling during the whole process.
One idea could be that Harry discovers a hidden chamber in Hogwarts that was unknown even to Dumbledore. This chamber could hold secrets about the founders that have been lost over time. Another could be that the students return to find Hogwarts has been taken over by a new dark force that's not related to Voldemort but has its own set of dark magic. Maybe a group of former Death Eaters who escaped justice are trying to create a new regime within the school walls.
Cedric Diggory is often quite popular. Since he was a champion in the original series, fanfiction writers like to explore more of his story, his thoughts during the tournament, and even what could have happened if he had survived. He has that heroic and noble quality that makes him a great focus.