The Reds' campaign had appeared to be heading to a disappointing conclusion, with Forest looking likely to finish in a mid-table position, but their good form over recent weeks has given them hope.
Since Freedman's takeover, Forest have won six of their last eight games and they have climbed the Championship table at a rapid rate.
The Midlands outfit are now just nine points away from sixth-placed Brentford and if they keep up their current standards they will feel they have a chance of breaching that gap.
Although it remains a slim possibility, Freedman clearly feels it is a realistic one and his ambitions in the transfer market prove this.
Forest are said by the Nottingham Post to be on the verge of capturing Modou Barrow from Swansea City, whilst the same paper suggests that Jordan Rhodes has arisen as a transfer target.
Although Rhodes' transfer appears to have been written off in the Lancashire Telegraph, it shows Forest's desire to rectify any possible faults in their squad and highlights their ambitions.
Considering the club are still struggling to comply with Financial Fair Play, they could easily have looked to trim their wage-bill, but if the newspaper reports are to be believed Freedman wants to give them the best chance possible of going up at the earliest possible opportunity.
These actions are not only ambitious, but they send out a message to his team that their season is not over and it should boost confidence in camp.
Forest are a team transformed under Freedman and if they continue to show such a strong desire to get promoted on and off the pitch it can only serve them well for the future.