Nottingham Forest have made 16 signings already this summer and they are showing no signs of slowing down in the final week of the transfer window, with a new update emerging from a reliable source on a potential transfer target.

What's the latest?

According to journalist Jacque Talbot, Nottingham Forest have "begun talks" to do a last-minute deal for Atletico Madrid star Renan Lodi.

Talbot tweeted:

"Exc: Understand Nottingham Forest have begun talks with Atletico Madrid for Renan Lodi over a possible loan deal. Jorge Mendes involved, though he’s not the player’s rep."

It'd be a major Cooper coup

There is no doubt that the powers at The City Ground have done everything they can to improve the squad to give Steve Cooper the best chance at competing in the Premier League, but the signing of Lodi could be the final major coup to complete their transfer window success.

Lodi has been attracting attention from a number of top Premier League clubs with both Manchester City and Newcastle United linked to the talented full-back, and it's not hard to see why when you consider his output in Diego Simeone's side.

In La Liga last season, the 24-year-old Brazilian scored two goals, delivered two assists and created three big chances, won the majority of his duels (55%) and successfully completed 55% his dribbles attempts, proving that he would fit seamlessly into Cooper's attacking-minded set up.

Not only that, Lodi played a huge part in Atletico's progression in the Champions League last season with the Spanish club making it to the quarter-finals of the prestigious competition after beating Manchester United in the round of 16 over two legs.

The talented £64k-per-week left-back assisted the equalising goal at the Metropolitano Stadium leaving the two teams tied until the second leg when Lodi fired his first goal of the competition into the back of the net at Old Trafford, sending his team through to the quarter final with a 1-0 victory.

The player's performances over last season did not go unnoticed, with manager Simeone hailing Lodi "hard-working" in an interview:

“Lodi is a hard-working, humble player who deserves all the praise and support.”

If the Atletico full-back did make the move to Forest this summer it would be an absolutely fantastic signing for the club as Lodi can add so many great attributes and experience at the highest level to not only elevate the talent in his own position but could be a great influence in the team.

With that being said, if Forest are genuinely interested in making a move for Lodi they will need to act fast as there is only one week left of the transfer window and missing out on such a talent could be a decision the club will rue in the long run.