The Brisbane Lions have accepted a compensation pick of No.39 for ruckman Matthew Leuenberger.

While disappointed with the pick offered by the AFL, the Club said it would not stand in the way of Leuenberger joining Essendon given his many years of service to the Lions.

Brisbane Lions CEO Greg Swann said the Club had settled on Stefan Martin as its preferred ruckman and had opened the door for Leuenberger to look elsewhere.

"He can't play on here in the position he wants to play, so we were happy for him to explore other options - although we still would have expected better compensation for him," said Swann.

"At the end of the day we want to make sure things work out for him, given his service to the Club, and we wish him all the best in the future."

The Brisbane Lions now have early Picks 2, 17, 21, 39, 42 in the National Draft, with a priority of securing young key position and Queensland talent.

Swann said the picks also gave the Club flexibility heading into the remainder of the Trade Period.