Dexter Blackstock has turned down the chance to join Sheffield United on loan, according to the Nottingham Post's Paul Taylor.
Pearce has confirmed that Blackstock did have the chance to join Sheffield United on loan but striker did not feel it was right move #nffc— Paul Taylor (@nottmtails) November 20, 2014
The Forest centre-forward had been the subject of a bid from the Blades, as revealed yesterday, but it seems he has declined the move.
Blackstock has only made one appearance for Forest this season and the Reds were seemingly happy to allow him to leave on a temporary basis, but the 28-year-old will stay and fight for his place for now.
The drop down to League One may have been one factor in his decision, but it is a further blow for Nigel Clough's side who have been on the look out for a striker for some time.
The likes of Marc McNulty and Michael Higdon haven't had the desired impact at Bramall Lane since signing in the summer and the Blades have tried to recruit a number of strikers as a result.
So far their efforts have proved fruitless though, with Blackstock joining Brighton and Hove Albion's Chris O'Grady as players who they have failed to secure this week.
Blackstock's path to the Forest first team is blocked by Michail Antonio, Britt Assombalonga and Matty Fryatt, so a loan move elsewhere does not entirely appear off the cards, despite the rejection of this opportunity.
The former Queens Park Rangers front-man has also reportedly attracted the attention of Sheffield Wednesday and that may be a more appealing move for him.
Wednesday have scored just 12 goals in their first 17 Championship games this season and are in desperate need of a potent goalscorer to help them break out of their form.
If they do make a move for Blackstock, it seems they will now have a clear run to be able to get him after their Sheffield rivals failure to complete a deal.