''My understanding is that the deal hasn't been signed off yet by Triple M, so Ken hasn't seen it yet and any decision comes completely at his discretion as to whether he needs to look at it or not,'' Pert said.

Swan's deal follows the five-year agreement reached between Magpie star Travis Cloke and the Nine Network, an agreement not deemed worthy of investigation by the AFL despite McGuire's professional relationship with Nine.

The Collingwood president said he had played no part in securing Swan on a weekly basis and that he believed the deal must have been achieved by Austereo bosses and Swan's manager Liam Pickering.

The club has been working with Swan in a bid to transform his poor off-field image.

Last year the AFL put a stop to Carlton star Chris Judd's lucrative third-party deal as an ambassador with Visy, and also refused to clear a financial agreement involving Geelong's Joel Selwood. Both deals had links with the players' respective clubs and former presidents Richard Pratt and Frank Costa.