BRAZILIAN striker Matheus Nascimento, 19, plans to stay with Botafogo instead of moving to Nottingham Forest.
The Reds will pay £15million but the teen wants to win the title back home.
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Crystal Palace have also been linked with Nascimento.
But Forest moved ahead of the Eagles in the race for his signature.
Steve Cooper’s side had considered signing Nascimento now and loaning him straight out.
The Brazilian could have joined Olympiacos, who are also owned by Forest chief Evangelos Marinakis.
Nascimento made his senior debut for Botafogo aged 16, becoming their youngest ever player in the process.
He has gone on to make 72 appearances for them, scoring six times.
The exciting youngster has also earned three Brazil Under-20s caps.
Botafogo are top of the Brazilian top flight.
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They went into the weekend 13 points clear of second-placed Palmeiras.
However, Brazil’s season will not finish until December, meaning the star is set to stay in Rio until the January transfer window at least.
Forest, meanwhile, have picked up three points from their opening two Premier League matches of the season.
Cooper’s men beat Sheffield United 2-1 courtesy of Chris Wood’s 90th minute header on Friday night.
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