The Swans had reportedly asked for a first-round selection in exchange for the 24-year-old, despite the Crows not looking to part with either their top pick of 2021 (Pick 4) or their future option.
With the Crows not looking to budge on moving either of their first-round selections, they will need to get creative in order to please the Swans' demands.
Swans football boss Charlie Gardiner expressed the reasoning behind Sydney's hopes of receiving a high-end pick in any trade for Dawson, labelling the South Australian as a top talent on offer.
“Our view is that he’s arguably the best player on the market in the AFL at the moment, and it’s certainly no surprise that there was extreme interest from both Adelaide clubs,” Gardiner told SEN on Tuesday.
“We think it’s only fair and reasonable that we expect strong compensation for him and we’ll be working to find a fair deal that values him appropriately given he’s a 24-year-old, coming into his prime and finished third in our best and fairest in a team that won 15 games.
“He was rated one of the most effective players across the competition in the back half of the year, we put a really strong long-term deal in front of him."
The impasse in negotiations has reportedly seen Adelaide look to the Bulldogs, who will be keen to part ways with their own first-round selection for the upcoming National Draft in November.
The Dogs currently hold Pick 17, which they would be keen to split into later selections in order to acquire the needed amount of draft points to draft highly-touted father-son prospect Sam Darcy.
Now, Fox Footy's Tom Morris reports that the Crows have looked to get the green light from the Western Bulldogs and have tabled an offer that would include Pick 17 heading to the Swans.
The proposed offer is understood to have been placed to Sydney on Monday, with a call from the Harbour City side yet to be known.
A number of clubs are looking into bolstering their first-round draft hand, with the Tigers one of several clubs hoping to move up the draft order.
Richmond reportedly have gun Victorian midfielder Ben Hobbs in their sights for the upcoming draft, with the teenager likely falling among the top five draft selections outside of the father-son selections for Darcy and pending Magpie Nick Daicos.
The Crows currently hold picks 4, 23, 37, 44, 62 and 66 for this year's draft.