That is according to industry website www.transfermarkt.co.uk which claims the squad value has actually decreased by 1.5 per cent.
It pales into insignificance compared to the suggested value of Champions League winners Man City, valued at a whopping £1.02bn.
But how does the value of the Forest squad compare to the teams that are around them in the table?
Give us your thoughts on the current state of the transfer market via our social media channels.
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The value of the Nottingham Forest squad has dropped according to the valuation of an industry website. Photo: Tom Dulat
. Manchester City
£1.02bn (+12.8%) Photo: FRANCK FIFE
. Arsenal
£940m (+17%) Photo: David Price
. Chelsea
£816.96m (-6.4%) Photo: Warren Little
. Liverpool
£728.63m (-3.4%) Photo: Charlie Crowhurst
. Manchester United
£664.25m (-9,9%) Photo: Clive Rose
. Tottenham Hotspur
£648.37m (+11%) Photo: Stu Forster
1. Manchester City
£1.02bn (+12.8%) Photo: FRANCK FIFE
2. Arsenal
£940m (+17%) Photo: David Price
3. Chelsea
£816.96m (-6.4%) Photo: Warren Little
4. Liverpool
£728.63m (-3.4%) Photo: Charlie Crowhurst