The goalie and Forest have reached a consensus about the specifics of a transfer contract.
Additionally, the Premier League team formally informed Corinthians that they hope to sign the 25-year-old this summer.
Due to PSR concerns, Nottingham Forest planned to pay the €4 million release clause in July of the current fiscal year, which ends on June 30.
It is currently alleged that they have advanced in their signing attempt and activated the release clause in his Corinthians contract.
Forest are ready to pay the €4m to the Corinthians immediately to take Miguel to the City Ground this summer.
The Brazilian is keen on the move and has been waiting for the two clubs to work out a deal between themselves.
Nottingham Forest are in the market for a goalkeeper and are on the verge of landing Miguel as their first new signing of the summer.
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