Pelchen said on Thursday afternoon that Hawthorn was not prepared to give up its first-round selection (No.16 overall) to the Swans for O'Keefe.
"It's in an awkward spot at the moment. They said to us that they don't want to consummate a deal with us if it doesn't involve our pick 16," Pelchen told afl.com.au.
"The conversation wasn't heated, but it was basically left saying: 'unless pick 16 is in it, we can't do it'. So that's how we've left it. That's their right. We've got no problem with that. There was no argy-bargy and the talks have been amicable.
Giving up its first-round pick would have left Hawthorn's earliest selection at No. 34, a position it did not want to be in despite the obvious appeal of a player of O'Keefe's talents.
"So what do we expect to give for such a talented player? We've said that we're open to [giving] a second-round player and a talented player [from our list]."
The Swans forward could nominate for the pre-season draft, but with Hawthorn holding last place in the selection order, it would be hard to see him being passed over by other clubs until then.
With Pelchen admitting it was now unlikely O'Keefe would become a Hawk, there would appear to be more room for the club to pursue versatile Demon Brad Green. But Pelchen said Green was not back in the frame, despite being linked with Hawthorn earlier in the week.
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The 2008 AFL exchange period runs from October 6-10, 2008. Please note, no trades are official until paperwork has been accepted by the AFL and formally recognised after 2pm EST on Friday, October 10.
Follow all the ins and outs of football’s most intriguing week at afl.com.au/trade. Track every trade as it is confirmed, plus the very latest news via our twitter feed.
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