Nottingham Forest are gearing up for an important January transfer window, focusing on player departures as Nuno Espirito Santo looks to streamline his squad.
With injuries stretching resources at times this season, some players have fallen out of favour and appear destined to leave the City Ground.
Both Willy Boly and Harry Toffolo are out of contract next summer, and there is little indication that new deals are on the horizon.
Boly, in particular, has attracted interest, with reports suggesting he has received an offer from Saudi Arabia for a summer move.
However, the experienced defender is unlikely to leave in January, as Forest value his leadership and presence within the squad. Any premature departure could leave the team short-handed, particularly given their injury struggles.
One player, however, seems certain to exit in January: Emmanuel Dennis, who has been deemed surplus to requirements at Forest.
Emmanuel Dennis Set for January Departure

Dennis, who joined Nottingham Forest for £20 million in the summer of 2022, has become a forgotten figure at the club. The Nigerian forward last appeared for the team in May 2023 against Crystal Palace and has since been loaned out to Basaksehir and Watford without securing a permanent move.
According to The Athletic, Dennis is the only senior player excluded entirely from the first-team setup this season. While other potential departures may hinge on contract negotiations or tactical adjustments, Dennis’s exit seems inevitable.
Nottingham Forest’s Striker Dilemma

Forest’s attacking options are currently limited to Taiwo Awoniyi and Chris Wood, yet Dennis remains out of favour and hasn’t been considered as a solution. This exclusion underscores how far the striker has fallen in the club’s plans.
While Forest are unlikely to recoup the £20 million they paid for Dennis, securing any fee in January would be preferable to allowing his value to diminish further. His lack of football since returning from his loan spell makes a sale the most practical option.
For Dennis, a move in January could provide the fresh start he desperately needs, while Forest could reinvest in areas of greater need.