Nottingham Forest January transfers and net spend: Every confirmed signing and sale for Sean Dyche's side in 2026 winter window

Never far from the centre of off-field headlines - be it a managerial merry-go-round or their unrelenting transfer activity - Nottingham Forest needed to make serious moves in the winter market to stay afloat in the Premier League.

Sean Dyche has steadied the ship since replacing the doomed Ange Postecoglou, and with the right backing from Evangelos Marinakis in January, the former Everton and Burnley boss could be fighting a winning battle in the demotion dogfight.

After a difficult spell between December 22 and January 9, when Forest lost five of six matches across all competitions — including a disappointing penalty-shootout exit to Wrexham in the FA Cup third round — Dyche’s public criticism of several players appears to have had the desired effect.

The Tricky Trees have since lost just one of their following five matches, picking up a well-earned point against Premier League leaders Arsenal, securing an away win at Brentford’s Gtech Community Stadium and recording an emphatic victory over Ferencvaros to claim a seeded spot in the Europa League knockout playoffs.

With momentum now building, it would be surprising to see Forest go all out in the closing stages of the January window, despite loaning out forward Arnaud Kalimuendo to Eintracht Frankfurt and seeing Douglas Luiz’s temporary spell at the club come to an end.

Forest appear no closer to strengthening their squad this month, even though the Europa League contenders have been linked with a handful of forwards to provide alternative options to Igor Jesus, Taiwo Awoniyi and the stricken Chris Wood.

Here, Sports Mole rounds up all of Nottingham Forest's confirmed ins and outs during the 2026 January transfer window, as well as looking at their net spend and latest transfer rumours.

Nottingham Forest confirmed transfers in: January 2026

Cuiabano (LB | End of loan from Botafogo)

Eric da Silva Moreira (RB | End of loan from Rio Ave)

Lorenzo Lucca (CF | Loan from Napoli)

Stefan Ortega (GK | £500k from Manchester City)

Luca Netz (LB | Undisclosed from Borussia Monchengladbach)

Nottingham Forest confirmed transfers out: January 2026

Arnaud Kalimuendo (ST | Loan to Eintracht Frankfurt)

Josh Powell (LB | Loan to Fleetwood Town)

Jamie McDonnell (CM | Undisclosed to Oxford United)

Jack Thompson (CB | Loan to Barrow)

Esapa Osong (FW | Loan to Fleetwood)

Cuiabano (LB | Loan to Vasco da Gama)

Nottingham Forest net spend: January 2026

Nottingham Forest total spend January 2026: £1.8m

Nottingham Forest total income January 2026: £0m

Nottingham Forest net spend January 2026: £1.8m

Latest Nottingham Forest transfer rumours for January 2026

In

© Imago

Mehdi Taremi (Olympiacos)

Artem Dovbyk (Roma)

Youssef En-Nesyri (Fenerbahce)

Davide Frattesi (Inter Milan)

Jorgen Strand Larsen (Wolverhampton Wanderers)

Santiago Castro (Bologna)

Tyler Morton (Lyon)

Josh Mulligan (Hibernian)

Stefan De Vrij (Inter Milan)

Out

© Imago / Sportsphoto

Murillo (AC Milan)

Elliot Anderson (Manchester United)

Taiwo Awoniyi (Mainz 05)

James McAtee (Chelsea, Strasbourg)

Jair Cunha (Botafogo, Flamengo)

You can find a complete list of the latest Nottingham Forest transfer rumours by clicking here

When does the January 2026 transfer window open and close?

The January transfer window opened on Thursday, January 1 for all English and Scottish clubs, and will run through to the first weekday of February.

This means that deadline day for the 2026 January transfer window falls on Monday, February 2, with the window closing at 7pm GMT.