Frank Barlow and Ian McParland are appointed for the rest of the season and respond by guiding Forest to two wins and two draws in March before being named as League One Managers of the Month.
The draws come against Bristol City and Gillingham before an impressive win at Doncaster and a 3-0 triumph over MK Dons leave the Reds just seven points adrift of the play-offs.
Scottish newspaper reports claim that Roy Keane has met chairman Nigel Doughty twice to discuss becoming the new Forest manager, but his agent denies any such meetings have ever taken place.
Mick McCarthy is also thought to be a candidate, but Nigel Clough remains the bookies favourite.