The new Molineux manager says that the club will only sell the winger for the right price, and that the situation has disrupted their preparations for the new Championship campaign
Jarvis, 26, handed in a transfer request on Saturday after a £9 million bid from West Ham was rejected by his current employers.
With Steven Fletcher and Christophe Berra also both asking to leave Molineux, Solbakken has admitted it is disrupting his plans ahead of the new Championship season, which begins on August 17.
"[Jarvis] wants to leave but it has to be right for Wolves," he told Sky Sports after Wolves' penalty shoot-out win over Aldershot in the League Cup.
"At the end of the day I am not making the final decision. We are a little unsettled at the moment and everything is not fine. It is stupid to say everything is fine. We have to fight through this."
Jarvis missed the game against Aldershot, but Solbalkken claimed that it was because of sickness, rather than the speculation over his future.
"This is a true story and you can believe it or not but he is actually sick," he explained. "He is a good guy in a stressful situation at the moment."