Nottingham Forest look like they could be dragged into a complex agreement to settle transfer debts via a summer move.

It starts with Portuguese outlet TVI24 reporting that Benfica are close to signing Ruben Semedo from Olympiacos.

The Greek club are said to be demanding at least €10m for the player, and in order to pay less, the Eagles are willing to make another type of deal with them.

Olympiacos, just like Nottingham Forest, are owned by Evangelos Marinakis. And according to TVI24, both of his clubs owe Benfica some money, which totals around €8m.

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Olympiacos’ debt is due to the transfer of Pepe. They’re buying him from Vitória Guimarães this summer, but 50% of his rights still belong to Benfica.

Meanwhile, Nottingham Forest still need to pay for part of João Carvalho’s transfer. He was signed by the Reds in a €15m deal two years ago.

So to let Semedo go to Benfica for a cheaper price, Marinakis would use his transfer to settle both debts with the Lisbon side. That’s three transfers sorted in one agreement, and it’s unclear the accounting implications for each club involved.