The report places Forest among the clubs that could suit Varela, who has been identified as one of 19 emerging talents to watch. Its assessment describes him as a “raw, lightning-fast transitional carrier customised for counter-heavy tactics at the City Ground”.
That analysis is based on playing style rather than evidence of a bid or formal talks. Varela currently plays for Maccabi Tel Aviv, while the report estimates his value at £3m before the tournament. It suggests that figure could rise by £10m if he impresses over the coming weeks. That is a projection, not a confirmed asking price.
Forest have already prioritised wide areas in recent recruitment, bringing in Dan Ndoye, Omari Hutchinson and Dilane Bakwa last summer. The report says none made a significant impact at the City Ground, while Callum Hudson-Odoi also endured a below-par campaign.
That leaves room for another winger, particularly one suited to direct transition football. Varela’s reported appeal comes from his speed and ball-carrying rather than established Premier League output, making the potential move a development bet rather than a proven-production signing.
The timing is also important. Tournament performances can quickly change a player’s market perception, especially when a club is monitoring an emerging talent before a wider scouting market forms.
Forest’s approach will likely depend on Varela’s involvement and impact for Cape Verde, as well as whether Vitor Pereira maintains his stated preference for keeping the squad’s core and making only limited additions before the 2026-27 season.
For now, Varela should be viewed as a reported scouting target, not an imminent signing. A strong World Cup could increase competition and cost, while a quiet tournament may allow Forest to assess the winger without the same market pressure.