Although Forest will still have to operate with some restrictions on them, their limitations are set to be reduced once Peterborough United are paid back the £1.5 million they are owed for Britt Assombalonga.
It means that Dougie Freedman will be able to bring in free agents or loans to adapt the squad to his needs and one man he may consider signing is Lukas Jutkiewicz.
Jutkiewicz has struggled for form at Burnley, since moving this summer, but Freedman has previously had success working with the target man.
The Polish striker enjoyed his best spell of his career under Freedman's guidance at Bolton Wanderers and a reunion may suit both parties.
Jutkiewicz's chances at Burnley look limited, with Danny Ings, Sam Vokes, Marvin Sordell and Ashley Barnes all ahead of him in the pecking order, and a loan move could be an attractive proposition as a result.
The chance to link up with a manager he has enjoyed such success under before would also be an appealing prospect and Forest may well consider signing the 25-year-old.
Although the Reds are not in desperate need of a striker, Freedman does like to operate with a direct style and Jutkiewicz looks more suited to that than any of their current front-men.
Matt Fryatt and Britt Assombalonga both prefer a more patient build-up style and Jutkiewicz's bludgeoning approach could be something that Freedman feels is an important addition to the side, as he looks to halt their slump in form.