The Roosters are desperate for Williams to re-sign with the club, but the dual international is strongly weighing up a return to rugby union.
Neither Cordner nor O'Donnell was named in the Roosters' 17-man grand final team, but many believe both will be included.
Cordner has missed seven weeks with a broken ankle and has been racing the clock to be fit for the grand final.
Coach Trent Robinson has indicated he will rush the Dally M second rower of the year back for the clash if he's anything close to full fitness.
The 21-year-old has enjoyed a breakout season and played for NSW in the third State of Origin game in Sydney.
O'Donnell missed last week's preliminary final win over Newcastle with a hamstring injury, but running on Wednesday is a good sign for the veteran forward.
The former North Queensland hardman has grand final, State of Origin and Test experience, a valuable asset on league's biggest stage.
Manly meanwhile are refusing to rule out a stunning comeback by forward Joe Galuvao for the grand final.
Galuvao has missed most of the season with an achilles injury but is aiming to be included on the Sea Eagles' bench.
-AAP