The 34-year-old, currently back-up to Edwin Van Der Sar at Fulham, is apparently interested in a move back to the club where he spent 12 memorable years in the 80s and 90s.
Forest boss Joe Kinnear is looking for more cover between the sticks following a long-term injury to Darren Ward and the inexperienced Barry Roche looking nervous in recent weeks.
Fulham manager Chris Coleman may not be so keen on the loan deal however having just sold Maik Taylor to Birmingham for £1.5m.
Big Norm made 393 appearances for the Reds and is remembered by Forest fans for his "Klinsmann" dive at White Hart Lane and his penalty save from Gary Lineker.