Lockhart did not feature for the Demons in 2021, with his latest appearance at AFL level coming against the Dogs in Round 13 last year.
The North Launceston product played 22 games for the Demons before being culled, having first joined the club via the Pre-Season Supplemental Selection Period in 2019 following a promising stint with Casey.
After having his career with the Demons come to an end, the Giants are now firming as a potential landing spot for the delisted defender via the next month's Rookie Draft, according to reporter Sam Edmund.
“I’m told Jay Lockhart, who was delisted two days after the Grand Final, at least that’s when it was announced, he’s a very good chance of joining GWS and getting that AFL olive branch,” Edmund said on SEN.
“I think he’s going to join the Giants in next month’s rookie draft, that’s the indication I’ve been given. The Giants have got a few other things going on with the National Draft and such.
“Jay Lockhart is a real chance to join in the rookie draft.”