GWS have their eyes on two young Cats in a deal for wantaway star forward Jeremy Cameron, according to The Herald Sun.
The Giants are intent on matching any bid for Cameron, which would force any suitor to table a trade offer for the star forward as he is a restricted free agent.
The 27-year-old's only other exit route would be to head to the pre-season draft, where he wouldn't be guaranteed to land at Kardinia Park.
GWS have already signalled they want young players in any potential trade package for Cameron, with two Cats already on their shortlist.
Sam Simpson and Esava Ratugolea lead the Giants' list, according to The Herald Sun.
Potential trade piece Brandan Parfitt will not be a part of any deal after he re-signed with the Cats last week for two years, per the same report.
Fox Sports' Tom Morris confirmed the Giants' interests in players, not just picks, in any trade deal.
“There’s absolutely no doubt in my mind there’ll be players involved in this deal as well (as picks) - at least that’s what the Giants want,” Morris said on Fox Footy's On the Couch.
“The Cats have picks 11, 13 and 18, and although they might ask for one of those picks, the Giants will want players as well.
“Players, not just draft picks, will get this deal done and what we know is when often when there’s players involved, they’re the hardest deals to orchestrate.”
Meanwhile, GWS CEO Dave Matthews has insisted that Cameron is worth at least two first round picks.
“It’s highly likely that we will match the offer, so the ball is in Geelong’s court to see if they can satisfy us with a trade," Matthews said on SEN.
"(Adam) Treloar and (Dylan) Shiel were worth two first-round picks and are both very good players, but key forwards are hard to find.”