Hmm... so is the thought that the thing Jiraiya tracked will lead to him personally confronting Akatsuki or being confronted by Akatsuki? Seems reasonable I suppose, though I don't think we know how Jiraiya stacks up against them in terms of power levels, aside from "Jiraiya tends to be extremely confident and also is not dead yet," "Akatsuki has powerful people," and "Akatsuki killed Jiraiya in canon." Hmm... makes it sound pretty plausible. That said, I still wouldn't say "next 2 or 3 updates." I will be fairly surprised if 2 or 3 updates covers a full week, and I'd imagine it takes a while to act on whatever Jiraiya found out.
For the record:
In canon, Jiraiya soloed Pain [1], losing only because he didn't know that one of Pain's bodies could resurrect the others.
Also, Itachi and Kisame fled from him, although granted part of that could have been the "oh, by the way, Itachi is a double agent and always has been because that was totally part of the initial plan and not tacked on afterwards, really."
In MfD, the clan heads backed down when he told them to fall in line or he'd murder them on the spot. (Granted, Shikaku helped a lot.)
So, yeah. He's pretty badass.
[1] With the help of toads, obviously, but summoning toads is one of his abilities so I discount it.
I thought it was impossible for storage space items to disappear?
Oh, for heaven's sake. Grumble, grumble.
@faflec , looks like we need to continue this line of conversation after all. References, please: What happens when you attempt to activate a storage seal but there isn't enough space for the object to be released? Also, what did Kagome say about putting seals on Keiko's jacket. (Not that the seals were on the cloth in this case, but it's a related reference.)
Recall that the seals (which were, to be clear, normal ink-on-paper seals) were under his jacket, which is usually a safe place to carry them; in a normal ninja fight, anything that pierces your vest is going to kill you.
Most chakra beasts aren't remotely a threat to Hazō anymore; Fifi got him only because he was taken offguard in what should have been a safe environment. He'll be more cautious in future, now that his brain has absorbed the idea that there are no safe environments.