Lance Franklin could leave Sydney after reportedly receiving a lowball contract offer.
According to The Herald Sunthe Swans have offered the 35-year-old about $500,000 to play through in 2023.
Franklin reportedly wants a deal worth between $700,000 and $800,000, which could be a major stumbling block for the Swans.
The Herald Sun understands that Franklin will join a third AFL club or retire if his financial demands are not met and that he is open to a return to Melbourne.
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The four-time Coleman medalist and eight-time All-Australian will remain unsigned after this year.
Franklin, who scored his 1,000th AFL goal earlier this year, signed a nine-year $10 million deal in late 2013 to join Sydney.
The champions striker has scored 34 goals in 14 games this season.