Former Nottingham Forest captain Stuart Pearce insists the vacant managerial position at the City Ground is an 'outstanding' opportunity for the right person.
The Reds are looking for a new manager after parting company with Billy Davies on Monday.
Neil Warnock held talks with the club's owner and chairman Fawaz Al Hasawi about taking over on a short-term deal until the end of the season but the 65-year-old felt he was not the right kind of man the Kuwaiti is looking for.
Warnock, who has been out of management since leaving Leeds in April 2013, hinted that Al Hasawi might want some say in the players that are signed by the club and in team selection.
He believes former Watford manager Gianfranco Zola or ex-England Under-21 boss Pearce could suit the job in the long term.
Pearce, who played for Forest between 1985 and 1997 and even had a spell as caretaker player/manager following Frank Clark's resignation during his final season with the club, still has managerial aspirations but suggested he would need assurances over the level of control he would have if he were to take the job.
"I have spent 10 years training as a manager and that is what I am," Pearce told talkSPORT.
"There are some really good jobs out there at times that come up every now and again and Nottingham Forest outside the Premier League is an outstanding job for whatever manager wants it.
"I would have thought there are certain things a manager wouldn't accept. Things like picking of the team and players coming through the door who are signed by somebody else that you don't want. Those are probably the two golden rules for any managers.
"Some are different. Some accept that. It depends how desperate you are for a job. Some would accept that and some would want total control. It is varying degrees."
Davies' second spell as manager came to an end after a dismal run of form and a breakdown in his relationship with Al Hasawi.
Saturday's 5-0 defeat to east midlands rivals Derby saw Forest's run without a win reach eight matches - a streak which has seen the Reds go out of the FA Cup to League One side Sheffield United and drop out of the Sky Bet Championship play-off places.
Academy manager Gary Brazil will take charge of first-team affairs until a replacement for Davies is appointed, starting with Tuesday night's game against Charlton at the City Ground.