According to the Herald Sun, Swallow has not ruled out a return home, and is open to playing for either of the Western Australian clubs.
It is believed the Pies will also inquire about his services in the upcoming trade period.
With Lynch seemingly all be heading out the door, the Herald Sun believe players are beginning to question the future of the club, and could seek to depart in search of more success.
Swallow has struggled with injuries over his career, missing the entire 2016 season with a knee complaint.
He has returned strongly however, and has played 34 of the past 38 games.
Swallow played in the Suns’ first AFL game against Carlton in round two, 2011, and has played the fifth most games in Gold Coast history.
The 25-year-old was selected with the first pick in the 2010 draft, and has 113 games to his name, with averages of 20.9 disposals, 4.5 tackle and 3.9 clearances per game.