However, the midfielder will not need to unpack his bag at the City Ground with an instant loan being sanctioned to Forest’s sister club Olympiacos.
And there could now be another player who is going to join Stamenic on loan from the Reds for the upcoming campaign.
Although Forest are one of the Premier League sides who are in need of moving some players on this month before the PSR deadline, for now Evangelos Marinakis is looking at offloading some players to his other club.
It had been suggested that Richards was set to return to the City Ground having spent the 2023/24 campaign over in Greece.
The £8.5m 26-year-old featured just 15 times for Olympiacos due to injury but it seems they have now plans to give him another opportunity for the Greek side.
But he is yet to even play a game for Forest.
Forest now eyeing left-back cover with Bradley Locko
With Nuno Tavares also heading back to Arsenal following his loan spell with Forest, options are set to become extremely limited at left-back.
Stade Brest youngster Bradley Locko is believed to be on Forest’s radar having impressed in Ligue 1 for the side which finished third in the league.
That could mean Forest will go into the new campaign with Harry Toffolo and Locko as their options with Richards still on the books.
Improvements are going to be needed with the likes of Leicester City and Southampton promoted for the new campaign and a player of this calibre would certainly provide just that.