The Roosters are prepared to let Latrell Mitchell walk away from the club in 2020 - as long as he doesn't join arch-rivals South Sydney.

The Herald can reveal Roosters officials have held talks with Tigers powerbrokers about Mitchell's future in the last two days, with the Tricolours eager to steer Mitchell away from their rivals on the other side of Anzac Parade.

The Tigers are firming as favourites to sign unsettled Roosters star Latrell Mitchell. Credit:Getty

The Tigers are now firming as Mitchell's next football home in a move which would all but certainly see him switch to his preferred position of fullback.

The club has not yet submitted an official offer to Mitchell or his management but the Herald has been told the Tigers are unlikely to pay much more than the Roosters' since-rescinded offer of $800,000 for next season. However, the mooted three-year-deal would likely be back-ended, as the club clear salary cap space.