Collingwood is understood to have tabled a five-year offer to speedster Beau McCreery starting in 2027.
The new deal would include an upgraded 2027 contract, and would keep McCreery until the end of 2032 in the black and white.
The Pies' strong deal comes as Tasmania have pursued the 25-year-old as an inaugural Devil when the club enters the competition in 2028.
According to AFL Media, discussions have been ongoing between McCreery and Collingwood, but it was revealed that he visited the Apple Isle last month as he weighs up his future beyond next year.
McCreery has previously stated his desire to remain at the Pies despite the price tag of $7 million over seven years, which is understood to be a figure Collingwood can't quite match.
The forward-midfielder emerged as a Devils target throughout the year, and the South Australian revealed how that impacted him.
"All the stuff came out, and I've probably seen more of it than people think, and I've always flown under the radar really well, so I was pretty rattled when it all came out," McCreery told Zero Hanger in August.
"Seeing my name associated with one million bucks, it genuinely rattled me because I'd never seen that. I feel like I battled a little bit with it more than I thought I would have.
"I've still got another year of footy to play at Collingwood. I'd love to play here for the rest of my career, so right now it's not a worry about a contract for me; I'm just trying to enjoy my footy, enjoy off-field, and not worry about that sort of stuff."
McCreery's evolution has him poised to earn more midfield minutes in 2027, with a gradual rise since he entered the AFL.
But the engine room is where he wants to play.
"Yeah, 100 per cent, I'd love to play more mid," he said. "I'm pretty open and honest about that with the coaches, with anyone that asks about that. Sort of grew up in the midfield, and then with my pressure, I just sort of fell into the forward line, which I do also love.
"I feel like I can be quite damaging when I go into the midfield with my speed and power. Hopefully, I can keep tinkering away in there and keep building the trust for the boys to want me in there.
"To be able to play that bit more of a mix full-time mid, gonna have to probably work on my fitness. It's a different type of running, stoppage to stoppage.
"Last preseason was sort of the whole goal behind that was to get fit for midfield. Because I've got my explosiveness sort of stuff there naturally. It's just more my tank.
"That was jeopardised with foot surgery, so I didn't have a whole preseason this year, so that's why it got put on the back burner again. I've been probably annoying all the coaches, trying to get in the mid.
"We obviously had a few injuries up forward, so I just had to play my role for the team. I feel like now there's a bit of an opportunity to play a bit of midfield, and yeah, I've been putting my hand up, and hopefully they'll keep letting me tinker away in there."
