The Tricky Trees are set to make a double announcement this week, reports claim.
Championship side Nottingham Forest are yet to appoint a manager.
Nottingham Forest are on the lookout for a new manager following Dougie Freedman's departure.
Michel could follow his former Olympiakos owner Evangelos Marinakis to The City Ground, a report claims.
Marseille striker Michy Batshuayi has been linked with Newcastle United and Sunderland in the January transfer window.
The former midfield icon and Spain international, doesn't feel his good friend will playing for Los Blancos next season.