Melbourne Demons midfielder Angus Brayshaw has been encouraged to explore his options as he remains one of eight restricted free agents in the competition after the AFL updated their bandings list on Wednesday.

Brayshaw is reportedly "attracting a lot of interest" from rival clubs, according to Tim Watson on SEN Breakfast this morning.

"Heโ€™s attracting a lot of interest, thatโ€™s all Iโ€™m going to say," Watson said.

Watson claimed it would be in Brayshaw's personal interests to potentially part ways with the club given he has changed his role in the side.

Brayshaw held down a solid defensive-wing role in last year's premiership side, but now occupies the half-back flank.

โ€œMaybe heโ€™s not completely and utterly happy and comfortable playing the role they require him to play at Melbourne, as good as he is at it," Watson continued.

โ€œHe was a midfielder that was third in the Brownlow, he was then nearly a Norm Smith medallist playing on a wing โ€“ which he wasnโ€™t thrilled about but turned out being one of the best wingmen in the comp โ€“ and now he could be an All-Australian half-back flanker because heโ€™s covering for an injured Christian Salem.

โ€œNow Christian Salem, Iโ€™m told, will be back in the next few weeks, so maybe then heโ€™ll go back to the wing.โ€

Former Demons player Garry Lyon replied by saying "he should be in everyone's sights".

"Heโ€™s a fine, fine player. Now why youโ€™d want to leave that club right now, I donโ€™t know, it would only be a matter of money," Lyon said.

Averaging an elite 25.5 disposals, nine marks, and an above-average 367 metres gained per game, Brayshaw's asking price would certainly be high, but Watson believes it would be more than a contract figure that could lure him away from the Demons.

"No, not just money," he said in reply to Lyon.

"Maybe, if youโ€™re looking for another reason. There are reasons outside money sometimes. Opportunity โ€ฆ being valued as a player that you believe you should be valued as.โ€

Melbourne will be keeping a close eye on Brayshaw's movement as they look to cement their premiership roster. But salary cap space may force them to part ways with premiership stars, with players such as Luke Jackson continuously targeted by WA clubs.

Restricted free agents qualify by way of being in their eighth or ninth seasons at their clubs, while also being in the top 25 per cent of the club's earners.

Full updated list of restricted free agents

Darcy Gardiner (Brisbane)
Jordan De Goey (Collingwood)
Kyle Langford (Essendon)
Alex Pearce (Fremantle)
James Sicily (Hawthorn)
Angus Brayshaw (Melbourne)
Kane Lambert (Richmond)
Lance Franklin (Sydney)

Angus Brayshaw has played 127 senior games since being selected at pick No.3 in the 2014 draft.