The Daily Telegraph has been told Myles will be given permission to leave Bondi with a year still to run on his contract if he can secure a deal with Gold Coast Titans or Newcastle.
Myles met with Newcastle’s Tinkler Group representatives yesterday.
Roosters officials fear the club could edge over the salary cap unless several players who are coming off contract are cut.
Fullback Anthony Minichiello has another year to run on his deal but the club would allow him to leave early if he secures a deal in England. Skipper Braith Anasta has agreed to a new deal but still not signed the contract. The Roosters will honour the deal.
The retention of some key young players and upgraded deals for others have the Roosters bursting at the seams in regards to their salary cap. Some of those players include Mitchell Pearce, Todd Carney, Mose Masoe and Martin Kennedy.
Rising star Tom Symonds also re-signed this week.
There were suggestions this week that the money saved might enable club officials to have a real dash at All Black and former Canterbury Bulldogs star Sonny Bill Williams.
Roosters officials are not confident of signing Williams but are hopeful.
The two parties have made contact but Williams remains contracted to Canterbury, the club he walked out on three years ago.