Cockatoo has played just the 34 games for the Cats since his arrival at the club six years ago, with ongoing injures riddling his young career.
The explosive Geelong utility was taken at pick 10 in the 2014 draft and is yet to string together consecutive matches since early 2018.
While the Cats are keen on retaining his duties, it is reported that the Lions could be one of many clubs chasing Cockatoo’s signature.
The luckless Cat would seek out a long-term to keep his future on track in planning for a return to the field.
Geelong are set to be major players in the upcoming trade window, with three first round selections at their disposal.
The Gold Coast selection will give the Cats the 11th overall selection in the 2020 draft along with the Eagles pick and their own selection.