Having helped Bristol City to the League One title this season, the 24-year-old has been released from his contract, and will depart Ashton Gate at the close of the campaign.
Despite netting 12 goals in 48 games this term, for a total of 33 goals in 103 games, Emmanuel-Thomas will come to the end of his two-year stay with the Robins.
However, his impressive goalscoring form is sure to see the former England youth international in the Championship next season regardless, and it appears as if Forest and Birmingham are the two clubs interested in his availability.
Both clubs have undergone financial troubles in recent months, and Emmanuel-Thomas has a proven goal record, is still young, and being available for free negates the need to pay a transfer fee. Being English, he also fills a vital homegrown spot in matchday selections.
Emmanuel-Thomas signed for Bristol City in 2013, having left Ipswich Town after two years. He moved to Ipswich after leaving Arsenal, the club at which he started his career as a striker with great promise.
He has never truly lived up to that promise, but at 24, he still has many years ahead of him in his career, and he could yet come to fulfil the reputation he had as an immensely talented youth forward.