Greater Western Sydney have rejected Geelong's latest offer for Jeremy Cameron as they demand a return of three first-round selections for the star forward, perย The Herald Sun.

The Cats offered two-first round picks in a straight swap for the 27-year-old, dropping the request for a second-round pick from GWS in return.

Geelong reportedly offered picks 15 and 20 to the Giants, valuing at 2024 draft points, almost as much as pick 4 (2034 points).

However, the Giants are believed to have requested that the Cats add either pick 13 or their future first-round selection to their bid in order to attain the 2019 Coleman medallist.

GWS are understood to be asking for a similar trade package Geelong receive when they shipped Tim Kelly to West Coast 12 months ago.

Geelong are believed to have offered several players to the Giants, including Lachie Fogarty, Charlie Constable and Nakia Cockatoo, with Rhys Stanley's name also mentioned in negotiations.

Cockatoo is likely to join Brisbane in the coming days, while Fogarty has been linked to the Blues.

The Giants are standing firm on their offer as they believe the Cats will eventually give in to their request to land the superstar.

The Cats however, are considering letting Cameron walk to the pre-season draft, despite telling his manager, Alex McDonald, they would prefer not to, as the 7:30pm Thursday deadline closes in.

If that is the case, the Cats would gain Cameron's services for nothing and would gamble on Essendon or another rival side not picking up Cameron's $900,000-per-season contract.

Jack Martin (Carlton) and Michael Hartley (Hawthorn) were the only two players selected in last year's pre-season draft.