The Forest boss has suggested the transfer embargo hanging over the club means the club won’t sell any players before Monday’s transfer deadline because they can’t reinvest the money.
“If I got an offer of £50 million for one of our players, I couldn’t reinvest a penny of that. So the players we have are vital, especially the better ones,” said Pearce.
“I’m delighted that he’s (Michail Antonio) brought some speculation but he’s like everyone else: no one is for sale because we can’t reinvest the money.”
The terms of the embargo over the club restricts Forest from being able to pay fees for players.
Therefore any cash generated from selling a player would down other avenues, as it couldn’t be used to find replacements.
Pearce could go after some loan deals in the same way Leeds United have improved their options in key areas, but it’s debatable whether Forest should do the same.
Sky Sports reported earlier this month that West Brom were interested in a move, but the difficulty for Forest, even if they could spend cash, would be finding a similar calibre of player.
The challenge now for Forest is to drag themselves up the table and towards the play-off places.
The club still have an outside chance of going up having slid down the table after a difficult start and it’s encouraging Pearce seems determined to protect the club’s main assets.