Collingwood and Brisbane have agreed to a last-minute draft pick swap just before the AFL's trade deadline, with the Lions sending picks 60 and 66 to the Magpies in exchange for pick 58.

The deal, which was completed in the final moments before the 5pm cut-off, was first reported by AFL journalist Cal Twomey, who noted the urgency with which the swap was finalised.

For Collingwood, this trade slightly expands their draft assets, giving them an extra selection as they prepare to enter the draft in the later rounds.

Initially holding picks 52, 55, and 58, the Magpies now add two additional spots later in the draft order, securing picks 60 and 66.

With their depleted draft hand this year and no first-round selections in the next two drafts due to prior trades, Collingwood was expected to be active in manoeuvring their picks.

Collingwood's off-season strategy had been focused on bolstering their key position stocks, particularly in defence and the forward line. The departure of key defenders like Nathan Murphy and the release of several fringe players highlighted the need for depth across the board.

With a clear list focus on acquiring youthful talent in key positions, the additional picks may give the Magpies the flexibility to address their needs or take a punt on unheralded prospects.

For Brisbane, the swap allows them to consolidate their draft points as they gear up to match potential bids for their prized father-son prospect, Levi Ashcroft.

The son of former Brisbane premier Marcus Ashcroft, Levi is widely expected to attract a bid within the top two picks of the draft.

Brisbane Lion Will Ashcroft with brother Levi (Image via Brisbane Lions)

By slightly moving up from pick 60 and 66 to pick 58, the Lions enhance their points tally to ensure they can match any early bid for Ashcroft without compromising future picks.

The Lions have been meticulously planning for this scenario, having already gathered a slew of draft points to secure Ashcroft and another Academy prospect, Sam Marshall, who is also expected to attract an early bid.

Despite holding a strong draft hand with seven picks ranging from 27 to 66, Brisbane's focus on accumulating points reflects their desire to lock in these highly rated talents without sacrificing too much list space or future flexibility.

Both clubs appear to have achieved their objectives with this minor swap. Collingwood gains additional late-round picks to fill gaps on their list, while Brisbane ensures they are well-prepared for any bidding challenges they may face come draft night.