The Penrith Panthers have moved to deter rival clubs from circling Matt Moylan by placing a transfer fee on the five-eighth should he ask for a release from the final four years of his contact.

Fairfax Media can also reveal the 26-year-old, who last week indicated to the club he was intent on making things work at Penrith, has relinquished the captaincy after asking to be released from the burden and toll of leading the football team.

It hasn't stopped rival clubs from meeting with his manager to discuss the possibility of him leaving Penrith in the off-season. However, Penrith are believed to have asked for around $250,000 in compensation should Moylan ask to leave his junior club.

Under NRL rules, a transfer fee between any of the 16 clubs would be exempt from the salary cap, however the club gaining Moylan's services would have to pay an additional 50 per cent loading fee to the governing body, which goes into the player education and welfare program.