Instead Franklin will be in Sydney, where he is expected to spend Saturday night at the bucks celebration of former Hawk teammate Campbell Brown.
Franklin played in his second premiership with Hawthorn last Saturday kicking one goal as the Hawks defeated Fremantle by 15 points.
On Tuesday the restricted free agent accepted a $10 million, nine-year deal to play with the Swans.
The deal shocked observers who were anticipating that Franklin would either join Greater Western Sydney or stay with Hawthorn.
The Sydney Swans lodged the offer with the AFL under free agency on Friday.
It is being scrutinised by the AFL and will need approval before Hawthorn considers whether or not to match the offer.
The Sydney Swans are confident the deal will be approved.
The Hawks will have 72 hours to decide whether or not to match the offer but both Hawthorn coach Alastair Clarkson and list manager Graham Wright indicated on Friday the club was unlikely to match the offer.
The Hawks were not shocked at Franklin's decision to leave but were surprised that he joined the Sydney Swans, the team who defeated the Hawks in the 2012 Grand Final.
The Sydney Swans held the club best and fairest in Sydney on Friday night but Franklin did not attend.