According to The Athletic, the 23-year-old was expected to undergo his medical on transfer deadline day ahead of the proposed deal from Strasbourg.
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It’s understood the Premier League side will pay €35million including add-ons for the pacy winger, who is set to sign a five-year deal that runs through to 2030.
The report adds that Forest stepped up their interest in the Frenchman following their shock 3-0 defeat to Premier League strugglers West Ham.
Bakwa scored five goals in 30 Ligue 1 appearances for the French club last season, as they secured European football for the first time in their history.