Related: Dawes wants to become a Demon
Peter Lenton, of LFM Sports, told AFL.com.au he was confident North and the Demons would agree to a trade for Pedersen, 25, who played just two games for the Roos this year.
Pedersen, 193cm and 95kg, has shown remarkable versatility since joining North as a mature-age recruit ahead of the 2011 season, playing in the ruck, defence and attack.
His struggle to break into North's team in 2012 was more due to the Kangaroos' key-position depth than form - he won the best and fairest of North's VFL affiliate Werribee.
This followed Pedersen's impressive debut season, when he played 14 games, kicked 18.5 and won North's best first-year player award ahead of Shaun Atley and Kieran Harper.
"North have been pretty good recognising where Cameron is at with his footy," Lenton said on Friday.
"He was in Werribee's best players most weeks this year but it was hard for him to get ahead of the other key-position players at North.
"Both Melbourne and North Melbourne have been moving in the right direction and I'm confident they'll be able to agree on a trade."
Lenton confirmed North was seeking a draft pick in exchange for Pedersen and believed it was likely the trade would involve a second-round selection.
However, he said the trade was unlikely to be completed until the end of the Gillette AFL Free Agency Period next Friday, October 19, when Melbourne will find out what compensation it receives for losing free agents Brent Moloney to the Brisbane Lions and, possibly, Jared Rivers.
Melbourne has already committed to using its current second-round pick, No.26, on father-son recruit Jack Viney, but Lenton said the Demons should be able to use a free agency compensation pick to snare Pedersen.
That compensation will be reduced by the Demons' acquisition of former Geelong forward Shannon Byrnes as a free agent last week.
"Not knowing what free agency [compensation] picks Melbourne is going to get just holds up the inevitable and makes things a little bit unsure," Lenton said.
"However, the clubs should be able to work through the likely scenarios and come to an understanding before then."
Lenton did not anticipate the Demons' pursuit of Collingwood key forward Chris Dawes would affect their interest in Pedersen, saying he understood Melbourne would be happy to recruit both to bolster its key-position stocks.
North Melbourne was reluctant to comment when contacted by AFL.com.au, saying it did not discuss potential trades.
Meanwhile, Lenton said another of his clients, Ben Hudson, was likely to play on at the Brisbane Lions next season.
Hudson, who will turn 34 ahead of next season, played 18 games in 2012 after the Lions convinced the former Adelaide and Western Bulldogs ruckman to reconsider his decision to retire at the end of 2011.
Lenton said the Lions had delayed contract negotiations with Hudson until the end of the trade period on October 26, but was hopeful they would re-sign him for one final season.
"When it looked like the Lions might get Kurt Tippett it seemed that would adversely affect 'Huddo'," Lenton said.
"But now it's more likely Brisbane will keep him on for another year."
The Lions were reluctant to comment when contacted by AFL.com.au, saying they would not discuss a player's contract status.
Nick Bowen is a reporter with AFL.com.au. Follow him on Twitter: @AFL_Nick
