Kuwaiti businessma Fawaz Al Hasawi has been chairman of Nottingham Forest since his family bought the club in 2012

Nottingham Forest's owner Fawaz Al Hasawi has agreed a deal to sell the club to the current Olympiakos owner Evangelos Marinakis, Sky sources understand.

Both parties have now submitted all the necessary paperwork to the league for consideration, and it's understood the EFL is currently assessing whether Marinakis will pass their strict Owners and Directors tests.

Marinakis has been negotiating to buy Forest for some time, but was forced to withdraw his interest last summer as he faced a number of charges for alleged match fixing in his home country, Greece.

He has always maintained his innocence of any wrongdoing.

Olympiakos football club President and owner, Evangelos Marinakis (C-L)

He saw a rival takeover attempt at the City Ground fail in January - that saw an American consortium led by John Jay Moores collapse in acrimonious circumstances.

WATCH highlights of Nottingham Forest's 3-2 win over Reading in the Sky Bet Championship WATCH highlights of Nottingham Forest's 3-2 win over Reading in the Sky Bet Championship

We understand the deal is not dependent on the East Midlands club staying in the Championship - Forest are currently 20th, three points above the relegation places with two games to play.