RICHMOND is set to lock in another one of its premiership stars, with forward Jack Riewoldt closing in on a contract extension with the club.

Riewoldt does not fall out of contract until the end of next year, but the Tigers look ready to do a deal that would keep him in the yellow and black for a further three years.

His manager Liam Pickering said an agreement is imminent for the two-time Coleman medallist.

"We are working with the club at the moment on trying to finalise Jack,” Pickering told SEN on Tuesday.

"I know exactly what he is worth … I won't talk about it though.

"We are very, very close."

The Tigers recently re-signed champion defender Alex Rance to a two-year contract extension despite the backman not coming out of contract until the end of next year, and last year tied down brilliant midfielder Dustin Martin to a mega seven-year deal.

The club is also in the hunt for Gold Coast key forward Tom Lynch, who appears likely to depart the club at the end of the season and join a Victorian powerhouse, with Collingwood, Hawthorn and the Tigers leading the charge.

Pickering said Riewoldt would be happy to play alongside Lynch in Richmond's forward line and the players accepted they may have to sign for less money to keep their list together.

"The reality is, in a premiership team, you can't have everyone getting $1.2 million," he said. 

"If he was to leave and go elsewhere, which he is not, a club would be mad not to throw a bucket of money at him.

"They've already re-signed Alex Rance, Jack, Trent Cotchin is not far away, Dustin Martin is obviously done.

"All those guys would be taking a little bit unders than what they're considered on the open market."

Riewoldt, 29, has played 242 games for the Tigers and booted 578 goals since making his debut in 2007.