It is quite the change in mood from 12 months ago. Off the back of a points deduction for breaching profitability and sustainability rules, Forest faced an uncertain summer in their mission to balance the books.
And now, the financial problems could be behind them. A net transfer spend of £16m in 2024-25 is quite the contrast to the 2022-23 season that pushed them towards the deduction, meaning this summer could be a case of building on their strong foundations.
The key is in the keeping
Morgan Gibbs-White is among the stars Forest want to keep (Photo: Getty)Regardless, Forest will fancy their chances of a deep run, and with a strong squad needed they appear well-placed to keep the players that not only secured them a European place but can help deliver silverware to the City Ground as well.
Add to that little talk of the Premier League’s best pound-for-pound defensive partnership leaving – Murillo cost £11m in 2023 and Nikola Milenkovic £12m last year – and Forest have their base.
It is another boost for Forest, and with Matz Sels behind this centre-back pairing, Nuno Espirito Santo’s side are well set to prove seventh was no fluke.
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The club are close to signing Botafogo trio Igor Jesus, Cuiabano and Jair Cunha for a combined £40m, according to reports, with one name in particular catching the eye of Forest fans: Jesus.
Forest could have found another gem, therefore, unless other clubs take note of Jesus’ Club World Cup performances. He has already made his Brazil debut, too, and was part of the Botafogo side that won the Brazilian league and Copa Libertadores in 2024.
Jesus’ arrival would make for healthy competition with Chris Wood, and crucially add to Forest’s depth going into their first European campaign since 1995-96.
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Will any key player leave Forest?
The i Paper has noted Newcastle’s interest in Anthony Elanga, but Eddie Howe’s side have several wingers on their radar, including Chelsea’s Noni Madueke.
Roma, Napoli and two Premier League clubs are said to be monitoring Hudson-Odoi, Sky Sports reports, and if Forest do find they need to tread the PSR line more carefully, this could be the most obvious departure.
Forest are also said to be close to agreeing new contracts with Ola Aina and Neco Williams, further proof their summer is about tying up loose ends.
All this must be a new feeling for Forest fans, but one that brings promise of a repeat, or something even better.
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