Forest 24-7 can confirm George Boateng will not be signing for Walsall.
News breaking in the past 30 minutes suggest the move has been discussed but will not be pursued any further.
Despite being a popular figure around the club, Boateng has made just 7 appearances for Forest this season, with only 2 of them being under Cotterill.
I would have liked this move to go through in all honesty.
While he is not a high earner, we are hardly in a position to be wasting money. Even if Walsall were to part fund his wages it would be a saving - same for any potential suitors for McGoldrick, Derbyshire and Majewski.
I guess we are stuck with him until the Summer.
It is worth just adding another potential League 1 loan as a footnote to this article. Reports are suggesting Robert Earnshaw could be about to go on loan to Sheffield Wednesday for the rest of the season.
I think we can all agree what a fantastic signing that is for them, particularly as I think he could come back here and do a job for us.
Follow me on twitter @benando_torres
Follow the blog on twitter @forest247blog