The Daily Mail says Forest plan to add to new manager Sean Dyche's squad over the winter transfer window, with a new midfelder and centre-half on the agenda.
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Hinshelwood tops the midfield shopping list, particularly given the youngster's versatility.
He has made just the four appearances this season, though he has battled with knocks so far this campaign.
In terms of the centre-back search, Forest are actively seeking cover for senior pair Nikola Milenkovic and Murillo.