Forest are under a transfer embargo and will not be able to spend big money, which means that they will have to rely largely on free agents.
Moreover, the Reds will not be able to pay huge wages to players who are willing to come to the City Ground.
Hodge, a former Forest and Leeds United midfielder, has said that manager Dougie Freedman will have his work cut out in trying to convince quality players to join his team.
“If you are a player, you have got a choice of clubs who are on the way up,” the 52-year-old told BBC Radio Nottingham.
“You sit down with your agent and you say 'where is the future in next two or three years?'. A decent player is going to say ‘I don’t want to be in a place where they can’t really improve their squad in terms of players that I know’.”
While Forest fans may find it to hard to accept Hodge’s comments, they are actually quite valid and make perfect sense.
The Reds may have ambition to finish in the top six of the Championship next season, but the squad that they have at the moment is not capable of doing that.
The players that Freedman will be able to sign would be largely free agents, who will be without a club precisely for the reason that they were deemed not good enough.
It will be tough for the Scot to ‘sell’ Forest to quality players in the summer. Freedman will have to convince them that they will succeed if they join his team.