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Braydon Preuss has found a new AFL home at Greater Western Sydney, who in turn are negotiating a trade deal for star forward Jeremy Cameron with Geelong.

Ruckmen Braydon Preuss and Stefan Martin will join their third AFL clubs as a host of possible moves remain up in the air before Thursday's trade deadline.

Preuss has signed a three-year contract with Greater Western Sydney after being traded by Melbourne on Tuesday for pick 31 in this year's draft.

And Brisbane's 33-year-old ruck Martin is the centrepiece of the first three-way deal of this year's trading.

In other deals struck Tuesday, Melbourne's Mitch Hannan went to the Western Bulldogs in exchange for a future third-round pick.

And Gold Coast's tall forward Peter Wright, the No.8 draft pick in 2014, is off to Essendon for a future fourth-round selection after playing 66 games for the Suns

The Bulldogs' eight-gamer Lachie Young is crossing to North Melbourne as part of the three-way deal featuring Martin.

The Lions traded pick 70 to North for pick 63, with trading Martin to Dogs and the Dogs trading Young to North Melbourne.

Preuss's fresh deal at the Giants come just two years after he joined the Demons from North.

The 25-year-old managed just 10 senior games in two seasons with the Dees as a back-up to decorated ruckman Max Gawn.

Preuss' former Melbourne teammate Mitch Hannan also found a new home on Tuesday, joining the Western Bulldogs in exchange for a future third-round pick.

The 26-year-old Hannan kicked 55 goals in 50 games for the Demons and returns to Whitten Oval, where he featured in Footscray's 2016 VFL premiership side.

Out-of-favour Gold Coast forward Peter Wright, the No.8 draft pick in 2014, is off to Essendon for a future fourth-round selection after playing 66 games for the Suns since 2015.

The 203cm-tall Wright failed to make a senior appearance this season despite having two years left on his contract with Gold Coast.

GWS and Geelong are still negotiating the terms of a blockbuster deal for Jeremy Cameron.

The star forward is determined to play for this year's beaten grand finalists but GWS matched the Cats' mammoth offer for Cameron.

Adam Treloar (Collingwood), Josh Dunkley (Western Bulldogs), Adam Saad and Orazio Fantasia (both Essendon) are also among the more high-profile players left in limbo before the trade deadline.

Meanwhile, the AFL Players' Association reportedly told players to expect a pay cut of about 10 per cent next season as part of ongoing cost-cutting measures sparked by the COVID-19 pandemic.

There is still no confirmation from the AFL on exact list sizes and the salary cap for 2021, though both will be reduced.

The AFL and the AFLPA continue to negotiate a revised collective bargaining deal.