The star half, who has one year to run on his Knights deal, is now expected to ask for a release within the next 24 hours.
That doesn't mean it will be granted though. The Knights have previously been reported as determined to not leave Pearce exit the Hunter until a suitable replacement has been found.
Pearce has also rumoured to have previously said he wants to finish his career in Sydney at the end of his current deal in Newcastle.
Maloney has just retired from playing at the top level following a stint with the Dragons.
Fox Sports are reporting the Knights have put yet another block in the way of the move happening however, reportedly requesting a transfer fee from the club.
That would then enable Pearce to take up potentially a three-year deal with the French club to round out a glittering career.
Pearce has 309 games of experience in the NRL, and while he could be replaced internally with Phoenix Crossland set to be re-signed, Adam Clune on the books and talented youngster Simi Sasagi at the club, it would appear the Knights won't budge until they have an experienced replacement.
It's understood Pearce is yet to raise it officially with Newcastle coaches or officials, instead waiting for the official offer. That would backup coach Adam O'Brien's version of events, who told News Corp on Monday evening that Pearce hadn't contacted him.