Essendon recruit Devon Smith has been handed the club's famous no. 5 guernsey after coming across from Greater Western Sydney in the trade period.

Smith is thrilled with the news, with the jumper having been worn by Bomber greats Terry Daniher and James Hird, and having become available after Brent Stanton's retirement at the end of 2017.

The 176cm midfielder/small-forward said being given the number 5 was "A huge honour" and confirmed the club's belief in his ability.

"Coming from the Giants, there wasn't much history or background with numbers, so to walk in and see Terry Daniher, Brent Stanton and James Hird on the locker and what they've achieved, is pretty cool," Smith told RSN.

"But at the same time, it's now my jumper, and I'm hoping to make myself proud and my family proud.

"It's pretty cool to wear No.5, and knowing my brother used to wear it in the backyard on a long-sleeve jumper thinking he was 'Hirdy', I think he'd be pretty jealous."

Smith starred as an electric small forward in his early career at GWS, before falling out of favour last season.

The 24-year-old played 109 games for the Giants, mainly in his forward role, but is seeking to make a real impact in the middle of the ground for his new club.

"I don't expect to play 80 per cent (game time) in there, but so far I've done (all pre-season training) with the mids," Smith said.

"I've realised how small I am standing next to like Jakey Stringer, David Myers and other guys, but I've really enjoyed it."

Smith will hope to make his Bombers' debut in round 1 against Adelaide at Etihad Stadium.