It's thought that first division champions
Malkowski, 29, arrived at Hibs on a free transfer from Dutch giants Feyenoord, but has made error upon error since joining the Hi-Bees.
It now seems Gretna are about to make the Polish goalkeeper's move to Raydale Park a permanent one, with a bid of around £30,000 expected to release him from his Hibs contract.
Zibi kept five clean sheets in nine matches at the Borders club.
Hibs boss Collins all but admitted Malkowski is on his way and said:
"Yeah, that's something we would consider but we'll have to wait until we hear from them.
"I haven't heard anything from
"First and foremost we'll speak to Zibi. We'll have to wait and see what
"We need a goalkeeper. We have Andy there but we'll need another one."
Malkowski is now back training with Hibs as the first division season is finished and he also seemed to admit his days at Easter Road are all but up and said:
"I don't know what the future will be, everything is open but we haven't had a chance to speak about the future. It is still too early to speak about it."
Malkowski is one of just a number of players leaving the club as Hibs look to clear out the dead wood and re-build for next season.
Joining Malkowski out of the Easter Road dressing room will be: Simon Brown, Sam Morrow, Kevin McDonald, Jay Shields, Michael Stewart, Jamie McCluskey and if reports are to be believed Shelton Martis.