Photo by Greig Cowie/BPI/REX/Shutterstock

Nottingham Forest remain interested in Tim Cahill as Aitor Karanka looks to add his first signing since taking over at the City Ground.

Although Forest retain an interest in the Australian international, it is thought that Cahill’s former club Millwall are still favourites to secure his signature ahead of Wednesday’s deadline.

Cahill, 38, is reportedly seeking a return to England to increase his chances of making the Australian squad for this year’s World Cup in Russia.

Another player being linked with a move to Forest is Middlesbrough’s Adam Clayton, with the midfielder as short as 13/8 with SkyBet to make the move to the City Ground.

Clayton, who played under Karanka at Middlesbrough, has been linked with a move to Forest since the Spaniard’s appointment earlier this month.

Despite inconsistent form and a change of manager, Forest have been quiet in January only overseeing the loan departures of Jason Cummins and Gboly Ariyibi to Rangers and Northampton Town, respectively.

Notts County have endured a similarly quiet window so far, seeing only two arrivals and departures at Meadow Lane.

Notts secured the loan signing of Liverpool youngster Matty Virtue earlier in the window and Liam Noble arrived from Forest Green Rovers as Kevin Nolan bolstered his midfield ahead of a promotion bid.

Virtue has appeared in all three league fixtures since his arrival but missed Notts’ FA Cup tie with Swansea City through suspension after being sent off in the defeat at Crawley.

Perhaps Notts’ most important business however has been retaining the services of Jorge Grant from cross-city rivals Nottingham Forest.

Jorge Grant in action for Notts County. (Photo courtesy of Notts County Football Club)

Following Nottingham Forest’s decision to recall Ryan Yates from his loan spell with Notts, there was speculation Forest would also recall Grant and look to loan him out to a club playing in League One.

Grant, whose impressive form has seen him score 14 goals, will remain on loan until the end of the season as Nolan’s side sit second in the League Two table.

As well as the departure of Yates, defender Haydn Hollis moved to League Two rivals Forest Green Rovers on a free transfer and Curtis Thompson joined Wycombe on loan until the end of season.