Cerra looks to be one of the most coveted players heading into the off-season, with no sign of a new deal for the 21-year-old at Fremantle.
While the Dockers remain confident in retaining Cerra's services past 2021, several Victorian clubs are in pursuit of the young gun, but face problems of their own.
According to SEN's Sam Edmund, Cerra is understood to be "keen" on a return to his home state, however Carlton and Richmond are believed to be battling to find cap space to accomodate the gun Docker.
Despite originally being in contention for Cerra, the Bombers are considered to be out of the race.
While the Blues remain interested in Cerra' services, the club aren't keen on parting ways with their first-round draft selection according to Edmund.
"He is keen to get back to Melbourne," he said on SEN.
"He won't be going to Essendon, Richmond don't have the depth of funds. Cerra fits at the Blues but the pursuit has hit a snag. They don't want to part with their first round pick."
As things currently stand, Carlton hold the the sixth overall pick in the upcoming draft.
Hawthorn are the fourth club believed to be in consideration for Cerra's signature, and would likely have the funds to match Cerra's reported demands of close to $750,000.
Recently retirements to Tom Scully and Jonathan Patton are understood to have opened up significant cap space for the Waverley club.