According to a series of tweets from Kevin Bradley (@nitoTV), the highly-anticipated tvOS 10.1 jailbreak is expected to be released soon. Bradley suggested that users should downgrade or restore their Apple TV’s to tvOS 10.1 if you plan to jailbreak.
Although the jailbreak community has remained silent so far about the possibility of seeing a tvOS 10.1 jailbreak, nitoTV reportedly told iDownloadBlog that the yalu102 jailbreak from Luca Todesco should be adaptable to tvOS.
Apple recently updated the Apple TV to tvOS 10.1.1, so there may not be much time left to downgrade the firmware back to iOS 10.1. This is because Apple will more than likely stop signing tvOS 10.1 in the near future.
The last jailbreak we have seen for the Apple TV is when Pangu rolled out the tvOS 9.0 jailbreak last year.