Sydney forward Sam Reid is being hunted by a long list of Victorian clubs, although two sides currently stand out above the rest.

According to AFL.com.au's sources, Richmond and Collingwood lead the race for the 25-year-old, who is the most talked about free agent behind Nat Fyfe and Dustin Martin.

While Reid won't attract the million dollar contracts clubs are willing to throw at the midfield pair, it is understood Reid may command offers of up to $800,000 due to a 20% salary cap increase this season and the need for a genuine key forward.

Reid is currently in the final year of his contract, and while his manager Paul Connors has been in talks with Sydney for some time, they haven't gotten closer to a deal.

As a restricted free agent, the Swans could match any offer for Reid, but with other players in their mind - such as defender Zak Jones - Reid could be lured away from Sydney.

The forward has played every game so far this season, and has averaged 13.6 possessions and 5.1 marks a game, after missing the entire 2016 campaign with lower leg and hamstring injuries.

Reid is currently said to be happy with just playing football and letting his actions do the talking on the field.

"There is no reason why I would leave. I love the lifestyle, my soon-to-be wife is from Sydney so there are plenty of reasons to stay," Reid told News Corp last month.

"I'm focusing on what is happening on the field, I'm letting my management and the club sort that out. I just want to make sure I get out there and have an impact."

The Tigers and Pies are looking to compliment their big key forwards, as Jack Riewoldt and Darcy Moore would love another tall beside them.