Geelong is reportedly chasing as many as three high profile players this trade period.
The Gold Coast Suns are also understood to be very keen on Hanley, who has played 129 games in seven seasons with the Lions.
The Herald Sun reports that Geelong is intent on adding another polished outside midfielder to its side, with the Cats hopeful of adding at least one of the trio when trade period commences on October 10.
Geelong needs to add another dimension of pace to the midfield, particularly given the possible departure of inconsistent star, Steven Motlop.
North Melbourne has been touted as a possible destination for Motlop, who has struggled to find his best form this season, with the Cats understood to be willing to let the 25-year-old go at season’s end.