Greater Western Sydney are still working to secure a top-five draft pick after not reaching an agreement during the Trade Period.
The Giants were in discussions with Melbourne at the end of the Trade Period to secure a deal for pick No.3, but could not reach an agreement.
They still have more time to negotiate though, with new AFL rules allowing picks to be traded until Friday 22 November at 2pm AEDT.
The Giants are trying to work their way up the order to secure their Academy star Tom Green, rated a top-five prospect at the draft.
They made progress last week when they traded picks No.12 and 18 to St Kilda for their picks No.6 and 59. They are continuing to look for ways further up the order with a reported offer of pick No.6 and their future first round pick for Melbourne's pick No.3 still under discussion.
"There have been offers made for it, but at the moment we haven't had anything that's satisfied us," Melbourne football manager Josh Mahoney said on Wednesday.
"Have we been offered two first-round picks for it? No."
Green has had a great year with his contested work at stoppages drawing comparisons to Carlton's Patrick Cripps.
The 188cm tall midfielder is expected to draw a pick in the first five with Adelaide (pick No.4) and Sydney (pick No.5) thought to be considering him for next month.
"We've had some chats (with Melbourne)," said Giants list manager Jason McCartney.
"We've had some good discussions, but if I was Melbourne – I'd be sitting there and waiting, too. What might transpire … there would be some other clubs that could hold a fairly compelling hand as well."
Last year Geelong and Collingwood were the only clubs to complete a deal after the Trade Period last year. Clubs can also trade picks on draft night with 14 trades completed in 2018's 'live trading' period.
