Lamouchi guided his team to 11 points from a possible 15 during the month including victories over Blackburn Rovers (3-2), Luton Town (3-1) and Brentford (1-0) as well as two 1-1 draws against in-form Reading.
That impressive run of form ensured Forest would end the month in third in the Sky Bet Championship, just two points behind the automatic promotion places and Lamouchi is now in the running to pick up his second Manager of the Month award of the season.
Lolley enjoyed a superb month as he looked back to his best by scoring four goals and getting one assist during five matches and his impressive displays helped Forest to claim three crucial wins.
The 27-year-old scored the opening goal in the 3-2 victory over Blackburn Rovers before his brace helped The Reds see off Luton Town and he rounded off the month by netting the winner against promotion rivals Brentford in Forest's 1-0 win at Griffin Park.
The judging panel for the Sky Bet Player of the Month comprises Sky Sports’ EFL expert Don Goodman; EFL Communications Director Mark Rowan and Sky Bet EFL trader Ivor Davies and the winners will be announced on Friday 7th February.