Pies management announced on Thursday the nippy northern Queensland product had been de-listed, but imediately indicated Yagmoor could be recalled as a rookie next month.
Pies football operations boss Geoff Walsh applied to the AFL for permission for Yagmoor to keep training ahead of the December 11 rookie draft selection.
Walsh explained that his plan is to bring him back through next month’s rookie draft, if he is not plucked by another club.
Walsh announced that Yagmoor will continue training with the Pies squad as well as travel to Utah with the squad for Collingwood's now annual altitude camp from next week.
“Pete has definite attributes and a terrific attitude that we feel he can make a good career out of. If they are available, we will use two of our rookie selections next month on Pete and Ben Hudson,” Walsh said.
Yagmoor played two gams last season after he was recruited from Cairns as a a pre-listed Gold Coast Suns zone player and was exchanged for pick 47 in the 2011 national draft.
The AFL confirmed final de-listings on Thursday along with Yagmoor's release from Collingwood.
The league's list is:
Adelaide Crows – Kurt Tippett (uncontracted listed player, previously delisted himself).
Brisbane Lions – Callum Bartlett (delisted).
Collingwood – Peter Yagmoor (delisted).
Fremantle – John Anthony (delisted).
Fremantle – Adam McPhee (retired).
St Kilda – Nick Winmar (delisted).