In July 1976, Taylor left Brighton to work alongside Clough at Nottingham Forest. Repeating their achievement at Derby by winning promotion into the top-flight in 1976–77 and then winning the league title in 1977–78, they then surpassed their previous accomplishments by winning the European Cup in 1979 and 1980. Forest also lifted the Anglo-Scottish Cup, the FA Charity Shield, the European Super Cup, and twice won the League Cup. Taylor retired in May 1982, but returned to the game in November 1982 to manage Derby County. He retired for the second and final time in April 1984, though following a dispute over a player transfer in May 1983 he and Clough were not on speaking terms until Taylor's sudden death in October 1990 – something which Clough would greatly regret. In April 2009, a statue of Clough and Taylor was commissioned at Derby's Pride Park Stadium, and in October 2015 Nottingham Forest's main stand at the City Ground was renamed the Peter Taylor Stand.