'Coventry Live' is reporting that Mark Robins' Coventry City are not interested in making a move for the 24-year-old, who has joined midfielder George Dobson in expressing a desire to leave the club ahead of the 2019/20 campaign.
Ferrier, who netted five goals in thirty-three league appearances last season, joined the Saddlers from Boreham Wood last summer and attempted to get his career back on track following issues between him and club officials.
Morgan, who turned down an opportunity to join Southend United during the January Transfer Window, has been the subject of a rejected bid from an as-yet-unnamed club as he looks set to depart for pastures new.
Meanwhile, Walsall manager Darrell Clarke has insisted neither Ferrier, nor George Dobson will be leaving the club unless a club or clubs meet the value set by Saddlers officials.
The Mansfield-born boss is keen for the club to be respected by both parties as he looks to rebuild the side ahead of August's return to competitive action.