Hawthorn is likely to know by the end of the week whether it can officially begin to strike a deal for Sydney's Tom Mitchell.

The hardnut Swans midfielder is debating whether to remain with the grand finalists on a new five-year deal or accept the Hawks' offer of also five years but with a greater financial component.

Tom Mitchell: A decision on his future set to be made this week. Credit:Getty Images

Mitchell's manager, Phil Mullen, said he and Mitchell expected to meet with Swans football department chief Tom Harley this week.

"We agreed that we would meet at some time this week and we will go from there. It's status quo at the minute," he said.