With Super League side Catalans reportedly in the market to replace the recently retired James Maloney, Pearce's name has been touted as the prime candidate to fill the former journeyman's void.
As the 32-year-old is reportedly consuming a large portion of the Knights' salary cap, they could be persuaded to part company with the halfback.
And as Pearce's contract in the Hunter is set to conclude at the cessation of next season, he could opt out a year early should a change of scenery catch his fancy.
The news of Pearce's proposed Mediterranean sea change came to light via journalist David Riccio's comments on Tuesday night.
“This will be a developing around Mitchell Pearce as we come to the end of the season and basically the November 1 period of which players off contract at the end of next season can start to negotiate with rival clubs,” Riccio told Fox League.
“Now we know that Maloney announced last week that he’s retiring from all forms of the game - the NRL and the Super League - and is standing down and completing his career at the end of the season and the Catalans Dragons have identified Mitchell Pearce as the perfect replacement for Maloney."
Irrespective of their interest, Catalans are set to face competition in their pursuit of the former Origin representative, as Riccio claimed that the Raiders were also set to sound out the veteran about move to the nation's capital.
“I expect them [Catalans] to table a three-year offer when they are allowed to," the scribe continued.
"And as I said from November 1 they will join the Canberra Raiders, who I suspect will also be making a play for Mitchell Pearce when clubs can formally negotiate."
With over 300-games of first-grade experience under his belt, Pearce, the son of Balmain legend Wayne, is set to remain hot property on the player market, as plenty of teams will naturally be left scrambling for talent once the date for signings comes and goes.
“Mitchell Pearce is without doubt the most established and most experienced halfback on the open-market from November 1," Riccio said in finality.
“He is contracted with the Knights next season, but nothing beyond next season and that allows him that ability to negotiate.