The Reds have several promising youngsters out on loan at present, with varying degrees of success.
The Swedish stopper could be heading back to his homeland from Forest.
The Nottingham Forest goalkeeper is wanted at Barrow for the rest of the season.
The Swedish talent has been in good form with the Forest youth-teams.
The Swede looks set for Brazil with Jacob Rinne looking likely to drop out.
The Swede arrived at the club this summer on a free transfer from Halmstads.
The goalkeeper has just signed a three-year deal at the City Ground.
Erlandsson had spent last season on loan with Nottingham Forest.
Nottingham Forest have reportedly tied up a deal to land Halmstads goalkeeper Tim Erlandsson on loan with a view to buy the Swede next summer.