Forest were hit with further restrictions on their transfer activity after they failed to pay Peterborough United the agreed price for Britt Assombalonga on time, but Freedman does not think that it is an issue.
Instead, the 40-year-old is convinced that there is already enough quality in the club's squad to compete well at Championship level and he insists that he will focus on what he has - rather than looking to new additions in the loan market.
“I look at this group of players and it is certainly capable of winning football matches in the Championship. I don’t need to add anything to it so it is not top of my list to worry about,” he said to the Guardian.
“I’ve worked in these markets before where I’ve had no money and I’m OK with it. I know the market very well and I’m familiar with this kind of situation.
“I worked when we were in administration at Crystal Palace, which was very difficult. When you’re in administration there is only you and a couple of players left. With the squad I have now, I’m not frightened of the word embargo.”
Freedman's task at Forest looks an unenviable one, despite the quality that they have in their squad.
The club's support have been disillusioned after Stuart Pearce's sacking and the pressure is rising on the team to get things right on the pitch.
There have been too many tepid and passionless performances on display at the City Ground this campaign and the atmosphere is threatening to turn sour.
At the moment Forest are sitting in mid-table but there is a threat of their season unravelling and Freedman must stop their slump to ensure that they are not dragged into a relegation fight which looks set to involve a number of teams.