Jarryd Hayne may have given up on signing with Parramatta, but the club hasn’t given up signing him just yet.

The Eels are in a salary cap bind that has left them with just $200,000 to offer Hayne. However, that pain will be short lived, with the club in the process of overhauling its roster management to ensure it doesn’t squander the $4 million war chest it has to spend on players from 2020.

Uncertain future: Parramatta hasn't given up hope of signing Jarryd Hayne. Credit:AAP

The Eels currently have no room to pay Hayne his market value because most of their cap is invested in big names Mitchell Moses, Corey Norman, Michael Jennings, Bevan French, Brad Takairangi and Clint Gutherson. All of those players are off contract and - with the exception of captain Gutherson - are unlikely to be offered new deals.

The blue and golds have only a dozen players contracted for 2020, giving them the cash and flexibility required to overhaul a squad that finished the 2018 season with the wooden spoon.