The Greek striker is wanted back in his homeland, whilst teams in Denmark, Belgium and Holland are also keen.
The club would be in a much worse position had it not been for players of this character around Trentside.
The Reds have had a turbulent campaign, but they're not poor all over the pitch.
If the Reds are to stay in the Championship this season, they need to improve - and fast.
Vellios is out of favour at Nottingham Forest, but might he have better luck at Ibrox, where Rangers legend Ferguson is being tipped to return as Caixinha's assistant?
The Greece international striker has been seemingly frozen out at The City Ground.
Nottingham Forest fell to a 2-0 defeat against Leeds United at Elland Road.
Nottingham Forest striker expected to depart.
The summer signing is wanted by former prospective Forest owner Evangelos Marinakis.
Nottingham Forest travel to Reading with major first team absences ahead of this Championship clash. We preview manager Philippe Montanier's expected XI.