According to Channel 9's Footy Confidential, Franklin is alleged to have been approached in a cordial manner by two women and the footballer before behaving aggressively towards them.
Franklin denies the claims and has told the Hawthorn Football Club that he did not throw a drink at anyone.
Hawks chief executive Ian Robson says he is happy with Franklin's version of events and considers the matter as having been satisfactorily dealt with.
"After becoming aware of these additional allegations overnight I have spoken at length with Lance and a number of the other Hawthorn players and impartial witnesses who were in attendance on the night," said Robson.
"I am satisfied that there is no substance to the allegation relating to the throwing of a drink over patrons at the club and as to the allegation of the language that may have been used, Lance is unable to specifically recall what was said, however, denies it was of a sexual nature.
"In the absence of further information being brought forward the club now sees the matter as closed."
Very sad and disappointing to see him spiral out of control the way he did - regardless of what team they play for, you don't want to see a player go through that!! Let's hope he is on the road to recovery and doing well.