The trade negotiations between the fierce rivals resumed this week, coinciding with Essendon's Crichton Medal dinner, where Merrett is the favourite to claim a seventh club best and fairest. Hawthorn's opening offer included this year's picks 15 and 25, along with a future second- or third-round pick, for the onballer who turns 31 on Saturday.
Essendon have rebuffed the package, according to multiple industry sources not publicly discussing the talks. The deadlock sets up a potentially protracted negotiation between two clubs with a long and intense rivalry. Merrett, the former Bombers captain, remains contracted to Essendon.
Both clubs are expected to continue discussions as the trade period progresses, with Hawthorn likely to need to improve their offer to secure the star midfielder.