The Canaries have refused the midfielder's request to leave the club but he remains steadfast in his desire to depart Carrow Road
Hoolahan has been linked with a move to Aston Villa, where he would be reunited with former manager Paul Lambert, but Norwich have consistently denied that the player is on his way out of the club.
On Tuesday, the club released a statement on its official website confirming that it had rejected a transfer request from the Republic of Ireland international, stressing that "no senior players will be sold against the club's wishes."
"City can confirm Irish international midfielder Wes Hoolahan has today submitted a transfer request which has been rejected," read the statement. "The Board of Norwich City has stated clearly no senior players will be sold against the Club's wishes and Hoolahan, 31, is contracted to the Club until June 2015.
"The Club will make no further comment at this time."
However, in response to the denial of his request, Hoolahan has since issued a statement of his own, insisting that it would be in the "best interest" of both the club and himself that he be allowed a transfer.
"Following a meeting with the club chief executive [David McNally] I felt I had no option but to hand in a transfer request," Hoolahan said in a statement to Sky Sports.
"I have noted that request has been turned down. However I believe it's in the best interest of Norwich, for whom I have the greatest respect, and myself that I am allowed to move on and play my football elsewhere."
Hoolahan has not been a regular in Chris Hughton's side this season, starting five league games and making a total of 12 appearances.