McGuane's manager, Rob D'Orazio from Ralph Carr Management, said it’s more than likely that McGuane would remain a Tiger.
"There's an offer on the table and we're going through it," D'Orazio said.
McGuane spent his early years at Richmond as a defender but this year made an impression in attack.
After showing strong form with Richmond's VFL affiliate Coburg, he broke back into the Tigers' AFL team in round 15 against Melbourne.
He played every match for the rest of the season. His output included three-goal games against the Brisbane Lions and Western Bulldogs.
He kicked a respectable 15 goals during the final nine games. Those performances shored up his value as a depth player on the Tigers' list.
Richmond selected McGuane at No.36 in the 2004 national draft. He made his debut in 2006 and has since played 93 games and kicked 19 goals.
Fellow Tigers Matthew White, Jayden Post and Tom Derickx are believed to be in talks about remaining at the club.
Port Adelaide midfielder Matt Thomas has been linked to the Tigers as a trade possibility.
