The Raiders withdrew a $4.4 million offer to Hudson Young, who may join PNG Chiefs in 2027.
Canberra's $4.4 million, four-year offer to Hudson Young was withdrawn by the Raiders on Monday.
The second-rower remains contracted to the club for 2027, but the PNG Chiefs are set to offer him a deal to join from that season.
Young is due to tour the Port Moresby-based club in the coming weeks.
The Raiders had negotiated with Young since June, increasing both the value and length of their original proposal.