have spent over £12 million on agent fees across the last two transfer windows, newly released figures have revealed, highlighting the scale of their recent recruitment drive.
According to data published by the Football Association, Forest paid a total of £12,210,822 in agent fees between February 2025 and February 2026. Despite this significant outlay, the club still ranks among the lower spenders in the Premier League when it comes to intermediary payments.
The period in question saw Forest heavily active in the transfer market, bringing in a host of new signings including , , , and among others. The headline arrival was Hutchinson, who joined from Ipswich Town in a club-record deal worth £37.5 million.
In addition to new signings, Forest also secured contract renewals for key players such as Callum Hudson-Odoi, Morgan Gibbs-White, Ola Aina, and Neco Williams—further contributing to their overall financial commitments.
However, the substantial investment off the pitch has not translated into consistent success on it. Forest find themselves battling relegation once again, marking the third time in four Premier League seasons that they have been dragged into a survival fight.
Interestingly, the £12 million spent on agent fees represents a slight decrease from the £13 million paid in the previous 12-month period. It also places Forest 16th in the league rankings for agent-related expenditure.
At the top end of the scale, led the way with a staggering £65 million in agent fees, followed by (£38m), (£37m), and (£34m).
Forest’s spending still exceeds that of several Premier League clubs, including Fulham, Everton, and Burnley, but the figures underline a broader issue—investment alone does not guarantee success.
As the season enters its final stretch, the focus for Forest will shift from spending to survival. With their Premier League status hanging in the balance, the club must now ensure that their costly squad can deliver results when it matters most.
Ultimately, the figures provide a revealing insight into Forest’s transfer strategy—one that has involved significant financial commitment, but is still searching for the on-field stability to match.
