Collingwood are looking to secure a future third-round selection before they can continue talks with Adelaide for defender Billy Frampton.

The Magpies have already sorted two pieces of business in the opening few days of the trade and free agency windows, trading for Giants forward Bobby Hill on Monday before signing Lion Dan McStay to a long-term deal through free agency.

They now turn their attention to three more potential targets, with Suns midfielder Brayden Fiorini and Brownlow Medal winner Tom Mitchell joining Frampton in being linked to Olympic Park.

Frampton looms as the cheapest option for the Magpies, however Adelaide remain keen on securing future selections as opposed to 2022 picks.

According to News Corp, talks between the Crows and Collingwood have left the latter in search for a future third-round selection they require following their business for hill, which sent a 2023 second-round pick to GWS.

Collingwood's third-round picks for this year at 50 and 51 could be placed on offer to rival clubs in a moe that would see the Magpies acquire their desired trade asset to secure Frampton.

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With his contract expiring, Frampton could end up being delisted by the Crows and walk to the Magpies as a delisted free agent, however Collingwood are seen open to working with Adelaide on a deal.

Collingwood's plans for Fiorini will hardly hinder their draft hand, with News Corp suggesting a pick slide may be all that occurs in a trade for the Northern Knights product, who will see his hefty salary moved to the magpies' books.

The Magpies are still in talks with Geelong and Melbourne over potential trades for Ollie Henry and Brodie Grundy respectively, with first and/or second-round picks required to see the pair depart the black and white.

Collingwood currently hold Picks 16, 41, 50, 51 and 92 for the 2022 National Draft.