The Premier League has spent more than any other league on transfers this summer, and even newly promoted teams like Nottingham Forest are spending away in the market.
It's been reported that Forest is now closing in on Wolves midfielder Morgan Gibbs-White.
Gibbs-White to Nottingham Forest
Forest is ready to pay a likely $42 million for the 22-year-old, plus add ons that could make the deal worth up to $53 million.
Nottingham Forest are closing on Morgan Gibbs-White deal, agreement in place - £35m plus add ons as per @JPercyTelegraph. Personal terms agreed weeks ago. #NFFC
He’s always been priority target for Forest and deal’s now set to be signed. pic.twitter.com/tYYKXz8qHw— Fabrizio Romano (@FabrizioRomano) August 18, 2022
Nottingham Forest have reached an agreement with Wolverhampton Wanderers to sign top target Morgan Gibbs-Whites. Deal worth £44.5m including addons & 22yo England youth midfielder is scheduled to undergo medical this afternoon @TheAthleticUK #NFFC #WWFC https://t.co/F6fetYrVeO
— David Ornstein (@David_Ornstein) August 18, 2022
The Englishman is yet to make his national team debut and was on loan at Swansea in the Championship last year. Talk about inflation.
Nottingham Forest: the Second-Highest Spending Team in the Premier League
Forest is back in the PL for the first time since the 1998-99 season and doing everything possible to keep it that way.
Their effort to keep the team in the top-flight is so unreal that when they confirm the Gibbs-White signing, the Reds will become the second-highest spending club in the division ($155 million) this summer, behind only Chelsea ($205) and ahead of teams like Manchester City ($133 million), Arsenal ($145 million) and Tottenham ($132 million).
To think they have plans to sign more players this summer!
Morgan Gibbs-White will become the signing number 16 (!) of the summer for Nottingham Forest. Huge window and it’s not over yet. #NFFC
Medical scheduled in the afternoon then he will sign the contract, done deal.— Fabrizio Romano (@FabrizioRomano) August 18, 2022
This investment is directly in hopes of keeping the club in the PL, but considering the amount they’ve spent, it wouldn't be a surprise if Forest finished closer to mid-table.