"Burnley have shown an interest in him, but they have not met our valuation of the player," said Forest boss Pearce.
"I had a good relationship with Henri, working with him with the under 21s and I hope to maintain that here.
"It is one of those things that is in discussion. We do not want him to leave this football club."
For the big stories and the banter follow us on Twitter: @tribalfootball