Star Collingwood midfielder Adam Treloar has been traded to the Western Bulldogs.

The Pies have sent Treloar, Picks 26, 33 and 42 to the Bulldogs for Pick 14 and future second rounder.

Meanwhile, the Bulldogs have opted not to execute a trade with Josh Dunkley to Essendon.

It ends one of the most widely speculated storylines of the AFL trade period as Collingwood looked to offload money from its tight salary cap.

Treloar, 27, played 94 of his 172 AFL games in the black and white, originally crossing from GWS at the end of 2015.

The Magpies were busy on the final day of the trade period, also dealing Jaidyn Stephenson to North Melbourne and Tom Phillips to Hawthorn.

The AFL trade deadline ended at 7.30pm AEST.