The 30-year-old was due to become a free agent this summer after returning to the City Ground for a second spell in 2011.
However, the Irishman is now expected to remain with Forest for the next campaign, according to Sky Sports News.
Reid spent the first five years of his career at Forest before rejoining from Blackpool two years ago.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 20 | 14 | 5 | 1 | 48 | 20 | 28 | 47 |
| 2 | Nottingham ForestNott'm Forest | 21 | 12 | 5 | 4 | 30 | 20 | 10 | 41 |
| 3 | Arsenal | 20 | 11 | 7 | 2 | 39 | 18 | 21 | 40 |
| 4 | Chelsea | 21 | 10 | 7 | 4 | 41 | 26 | 15 | 37 |
| 5 | Newcastle UnitedNewcastle | 20 | 10 | 5 | 5 | 34 | 22 | 12 | 35 |
| 6 | Manchester CityMan City | 21 | 10 | 5 | 6 | 38 | 29 | 9 | 35 |
| 7 | Bournemouth | 21 | 9 | 7 | 5 | 32 | 25 | 7 | 34 |
| 8 | Aston Villa | 20 | 9 | 5 | 6 | 30 | 32 | -2 | 32 |
| 9 | Fulham | 21 | 7 | 9 | 5 | 32 | 30 | 2 | 30 |
| 10 | Brentford | 21 | 8 | 4 | 9 | 40 | 37 | 3 | 28 |
| 11 | Brighton & Hove AlbionBrighton | 20 | 6 | 10 | 4 | 30 | 29 | 1 | 28 |
| 12 | West Ham UnitedWest Ham | 21 | 7 | 5 | 9 | 27 | 41 | -14 | 26 |
| 13 | Tottenham HotspurSpurs | 20 | 7 | 3 | 10 | 42 | 30 | 12 | 24 |
| 14 | Manchester UnitedMan Utd | 20 | 6 | 5 | 9 | 23 | 28 | -5 | 23 |
| 15 | Crystal Palace | 20 | 4 | 9 | 7 | 21 | 28 | -7 | 21 |
| 16 | Everton | 19 | 3 | 8 | 8 | 15 | 25 | -10 | 17 |
| 17 | Wolverhampton WanderersWolves | 20 | 4 | 4 | 12 | 31 | 45 | -14 | 16 |
| 18 | Ipswich TownIpswich | 20 | 3 | 7 | 10 | 20 | 35 | -15 | 16 |
| 19 | Leicester CityLeicester | 20 | 3 | 5 | 12 | 23 | 44 | -21 | 14 |
| 20 | Southampton | 20 | 1 | 3 | 16 | 12 | 44 | -32 | 6 |
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