Parramatta is hoping Newcastle will have the money required to immediately take David Klemmer and Michael Jennings, with the fate of the latter to determine whether Jarryd Hayne remains an Eel.

The blue and golds will return to pre-season training on Thursday and Hayne will be a notable absentee. The club isn’t in a position to table an offer resembling Hayne’s market worth and needs to move at least one player to free up the necessary funds.

Trade web: Jarryd Hayne is seeking 'fullback money' to stay with the Eels, but the destination of David Klemmer will have a bearing on contract negotiations. Credit:AAP

Jennings has been identified as the man they want to offload and Newcastle appears his most likely destination. However, the Knights are about to make a multi-million deal to disgruntled Canterbury forward David Klemmer that will chew up significant funds.

Newcastle have more salary cap space than any other club and the war chest could be greater still if they are successful in offloading centre Nathan Ross. Now that the Bulldogs have officially given the NSW and Australian forward permission to negotiate with other clubs, Newcastle is privately hoping they can squeeze him and Jennings into their squad for next season. Much will depend on how much of Jennings’ freight Parramatta is prepared to pay in order to get him off the books.