The former Villa striker believes club captain Gabriel Agbonlahor and defenders Micah Richards and Joleon Lescott must be amongst the first exits.
The Forest boss previously worked at Brentford.
Dimitri Payet has played 30 times for West Ham United so far this season.
Sunderland scouts have been watching the Austrian international team recently.
The Whites' striker has been handed the punishment for an incident involving Fulham's Fernando Amorebieta in February.
The La Liga club recently parted company with boss Gary Neville, but Quique Sanchez Flores has ruled out a return to his former club.
The Tottenham Hotspur attacker has been side-lined for much of the campaign.
Liverpool could be desperate to get Balotelli off their books in the summer.
The Sunderland midfielder will not play again this season.
It is thought that sacked Swansea City manager Garry Monk would have no qualms over taking on the huge task at Villa Park.
Everton are said to be interested in Southampton defender Virgil Van Dijk.
Leeds United were interested in signing Marcus Maddison from Peterborough United last January.
Should Leeds United sign players in the January transfer window?
Tottenham Hotspur won against West Bromwich Albion in the Premier League on Saturday.
Leeds United won against Derby County in the Championship on Friday.
Villa sold Gestede to Middlesbrough for £6 million earlier this month.
Tottenham Hotspur boss Mauricio Pochettino has suggested that Vincent Janssen wasn't ready for regular starts in the Premier League.
Tottenham Hotspur have moved to second in the Premier League table.
The Spaniard was in superb form against Derby County yesterday.
Leeds United won against Derby County in the Championship on Friday evening.
Deutsche Bank’s Michael Schoell, a senior trader of distressed debt, has left to join hedge-fund firm King Street Capital Management, people familiar with the move said.
State Street agreed to buy General Electric’s asset management unit for as much as $485m in cash to expand alternative investments such as private equity and real estate.
Standard Chartered is closing its office in Geneva, the global center of the commodity-trading industry, in Chief Executive Officer Bill Winters’s latest move to slash the lender’s exposure to the oil, gas and agricultural industries.