Nottingham Forest's attempts to sign defender Jack Hunt on a permanent basis have stalled, after the player's parent club Crystal Palace double their valuation of the player, according to the Nottingham Post.

Hunt signed a six-month loan deal with Forest in July, but Forest had attempted to make the deal permanent just before the transfer window closed.

It is understood that Hunt agreed a permanent contract at the City Ground last week and the deal had looked like it could be completed, but Palace have since doubled their asking price for the 23-year-old, putting the move in jeopardy.

"We had agreed a fee with Crystal Palace, at the back end of the window when it was close to shutting. We could not agree terms with the player, at the time," Pearce told the Nottingham Post.

"Subsequently we have agreed everything with the player, when it comes to wages and such like, and we again matched Palace's initial price, which they had put on the lad's head.

"But when we went back to them to do the deal, over the past week, that price had apparently doubled.

"I have explained that to Jack, because he is desperate to come here and join us. He is disappointed. He feels the support we have given him has been fantastic, he is enjoying his football.

"We are ready to do the deal, but at the level that Palace have quoted us now, we cannot take that forward."

Palace have changed managers this summer, with Neil Warnock replacing Tony Pulis since Hunt arrived on loan at the Reds. But Pearce does not believe the managerial change is a factor in the situation.

"I don't know that it is the change of manager that has influenced things, no. I think the financial decision has come from above the manager. Every time we have dealt with Palace – I dealt with Tony Pulis before and this time it was obviously Neil Warnock – it has been the board who have put the prices on the players' heads," he said.

Hunt has made 12 appearances for Forest this season.

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