AFL Practice Match - Geelong v Collingwood
GEELONG, AUSTRALIA - FEBRUARY 26: Oliver Henry of the Magpies marks the ball during the AFL Practice Match between the Geelong Cats and the Collingwood Magpies at GMHBA Stadium on February 26, 2021 in Geelong, Australia. (Photo by Darrian Traynor/Getty Images)

Geelong are in full operation in their trade talks as young Collingwood player Ollie Henry is looking to move back home and develop at the Cattery.

The Cats have reportedly offered Pick 38 for the former first-rounder, according to former pies recruiter Matt Rendell, and Bombers great Matthew Lloyd cannot believe the lowball trade, which would be "insulting" to the Magpies.

Speaking on AFL trade radio, Lloyd expressed his disappointment with the offer, also suggesting that Collingwood should use their strong arm to ensure they can get the right return in a deal.

"That is insulting,” Lloyd said in his reaction to the reported offer.

"I think that is one where you walk him to the Pre-Season Draft if he doesn't want to be there.

"I'm sure he'd rather be at Collingwood than North Melbourne.”

The Cats are set to acquire Pick 7 in the Jack Bowes trade with the Suns, and Lloyd believes they need to give it up to attain either Henry or wantaway Giant Tanner Bruhn.

However, as it stands, Geelong seems keen on keeping it. Lloyd is set on Geelong losing a bit more than they would like if they can acquire Bruhn and Henry this trade period.

PERTH, AUSTRALIA - MAY 22: Steele Sidebottom of the Magpies talks with Oliver Henry during the round 10 AFL match between the Fremantle Dockers and the Collingwood Magpies at Optus Stadium on May 22, 2022 in Perth, Australia. (Photo by Paul Kane/Getty Images)

“That's one where Geelong will have to part (with earlier picks), and I think clubs are expecting Geelong to have to part with Pick 7 if they want Tanner Bruhn and Ollie Henry to join their club,” Lloyd said.

“To just get a couple more picks in, give up pick 7 and get a couple picks in the teens maybe for that pick 7 to be able to get those deals done.”

Henry and Bruhn are c, and both Collingwood and GWS are requesting first-round picks in the trade otherwise, they may threaten to send these players to the Pre-Season draft.