The Forest boss has praised the ability of the Derry City winger as a move looks set to be ironed out in time for the January transfer window
Along with his fellow Candystripes team mate Barry McNamee, 22-year-old McLaughlin had been on trial with Forest, impressing during his time training with the club and O'Driscoll believes that the 'talented' midfielder could possibly make an immediate impact for the club.
"He looks to be a talented boy," O'Driscoll told the Irish Independent. "He can play on the right or the left, he is 22 and has great potential."
He continued: "I don't think you can wait a couple of years for him to come through. He has impressed in training. The dilemma is whether you throw him in because he has that potential.
"We want to be in a position where we can give him a chance. He has potential, and this club has a history of bringing through good young players. We want to continue that.
"The fee has been arranged, there are just one or two other things we need to sort out," added the Forest boss.