Nottingham Forest have seven days to appeal their four-point deduction after breaching Premier League's Profitability and Sustainability Rules (PSR).
Sky Sports News understands the club have yet to decide whether to do so, and are consulting with their lawyers.
Sky Sports News chief reporter Kaveh Solhekol said: "Forest have seven days to decide whether they want to appeal or not.
"A lot of people will think it's a no-brainer. Everton got it reduced from 10 to six points, give it a go, what have you got to lose?
"A new three-person panel will hear that appeal.
"But at an appeal you can't introduce any new evidence. You can just argue your case again and hope for the best. Forest have already admitted they've broken the rules.
"From a football point of view, there may be people within Forest who may be saying this cloud has been hanging over us for a long, long time.
Let's just take the four points. We know what we need to do to stay up.
We've still got nine games to play. We've got the squad to be able to stay in the Premier League. This has been too much of a distraction.
"It's a big decision they need to take, whether to appeal or not."
