Jackson has long been tied to the exit at the Demons, with his contract reaching its conclusion in 2022 as rival clubs began circling his services.
Both WA sides have been seen as the only likely landing spots for the 20-year-old should he depart the red and blue, with Fremantle touted as the favourites to sign Jackson to a lucrative long-term deal.
It is understood that Jackson won't name Fremantle or West Coast as a preferred landing spot, leaving both clubs in the mix to fight for his signature.
Jackson is likely to command two first-round selections in a trade deal, while the Eagles' bargaining chip of Pick 2 at this year's National Draft is sure to satisfy Melbourne should West Coast open negotiations with the Casey-based club.
West Coast will need to request an exemption from the AFL to trade their first-round pick this year however, having only used one first-round selection in the past three drafts.
The Eagles also hold picks 20, 26, 38 and 74 at this year's National Draft, while the Dockers have Picks 13, 72, 85, and will likely need to be including their 2023 first-round selection.
Jackson has rapidly emerged as a mouth-watering prospect in the AFL since joining the Demons through the 2019 National Draft, holding down a ruck-forward combination with captain Max Gawn.
The pair were prolific in Melbourne's drought-breaking premiership win last year, and again impressed to reach a top-four finish in the home and away season.