Were Cameron to leave as a free agent, GWS would be expected to receive a first-round draft pick as compensation.
But if the Giants were to decide that compensation was insufficient and that they could do better in a trade, they could match any contract terms the Cats, or any other club, had made for their player, and force a deal.
The Giants are also waiting on a decision on the future of highly sought-after young talent Jye Caldwell.
If Geelong were to secure Cameron as a free agent, this off-season would be a defining, re-shaping period for the grand finalists. Despite this year fielding the oldest team in AFL history, the Cats already have three first-round draft picks at the national draft to replenish their list.
After the end-of-season clean out at North Melbourne, sources say Shaun Higgins is interested in revisiting last year’s abandoned plan to move to the Cats.