Lewis McGugan collected an award at his former club's anniversary dinner on Monday.
McGugan, who was born and raised in Long Eaton, began his career at The City Ground but left for Watford in 2013.
Following a successful loan spell at Sheffield Wednesday, the 27-year-old completed a permanent move to Hillsborough last summer, but has been a peripheral figure in the Owls' push for the play-offs.
Last month McGugan was spotted at Forest's Championship fixture with Brighton - alongside his former Reds teammate and Premier League title winner, Wes Morgan - and collected the club's Greatest Ever Goal at The City Ground award at Monday's 150th anniversary event.
Nottingham Forest FC (@Official_NFFC) 5 May 2016
Unsurprisingly, the former England youth international has admitted to having strong feelings for his former club.
"Everyone knows what this club means to me," McGugan told NottinghamForest.co.uk. "It gave me so many good years and the platform to start my career.
"After every game it’s one of the first results I look for.
"It’s a massive part of me and it always will be."
McGugan, who's managed an impressive five goals in 16 appearances this season, has two years left on his Hillsborough contract but could be allowed to leave as Wednesday prepare to add to their ranks this summer.
The Owls face either Middlesbrough or Brighton & Hove Albion in this month's play-off semi-finals and will be keen to strengthen this summer, whether they're a Premier League side or one preparing an assault on automatic promotion.