Collingwood has fallen short of completely walking away from negotiations, but has told Brisbane that further talks are pointless if there is no shift towards involving players in discussions of a possible trade for Dayne Beams.

Collingwood's board is understood to have discussed the Beams situation and agreed it is prepared to keep him and risk losing him for less compensation next year when he is out of contract rather than trade him for draft picks. This is a full club – or board – decision not just a football department stance.

Brisbane has offered its first two picks for Dayne Beams. Credit:Pat Scala

As the Friday deadline set by Collingwood last week for any deal to be completed looms, the Magpies told Brisbane on Wednesday that its first preference remained to keep Beams at the club next year.

Brisbane has offered its first two picks for Beams – currently selections 5 and 25 – but after having been to the draft in recent years, Collingwood has said it does not want to further replace senior talent with draft picks.