Internal Position but missing some requirements?

So there's a position in my company that has been vacant for quite some time now. It's a supervisor position that our company has been trying to fill for over a year now. Recently, the company has made this position internal only, however, one of the requirements for the position is that you had to have a minimum of 3 years prior senior or manager experience in the same setting. I can guarantee that no one in our company has this requirement. Since HR, Director, and General Manager are all aware of this, does that mean they will be overlooking it for this internal hire? Are they only looking to see if they can find someone who closely matches all the duties and responsibilities and as much of the requirements as possible?

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