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Published 12:01 2 Apr 2018 BST
Updated 13:56 2 Apr 2018 BST
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Paddy Jackson[/caption]
Two rugby clubs have already approached Jackson. A third club has also shown interest in both Jackson and Olding, according to the Sunday Independent.
"However, Jackson is said to have made it clear to his representatives that the only club he wants to play for is Ulster," the publication adds.
"Legal representatives for Jackson and Olding are preparing a full defence to any charge that they have brought the game into disrepute to ensure their clients see out their current contracts in totality."
Any player whose contract is being terminated must be given four weeks written notice. Jackson and Olding are both on six-figure contracts with the IRFU, with Jackson being paid a higher figure than Olding.
Both men's current contracts - which run into 2019 - were signed just weeks before events unfolded at a party at Jackson's home in the early hours of June 28, 2016,Dáil passes abortion bill to remove mandatory three-day waiting period
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