Despite some of England and Europe's top clubs being linked with the precocious Crystal Palace forward it is the two Championship sides who have firmed up their interest.
"Forest and West Brom are the two clubs to have made bids for Victor," agent Tony Finnegan told BBC Sport.
"West Brom's bid was for £1.5m"
With Palace now in administration, Moses' exit could come at a cheaper price than before as the administrators look to raise some quick cash.
Elsewhere Brendan Moloney could make an immediate debut for Scunthorpe against Sheffield Wednesday on Wednesday night after being loaned out to the Iron.