The youngster has not played a single minute of Premier League football for Manchester United since his summer switch, prompting talk of a temporary move away to prevent his development stalling.
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"David Moyes has his own issues at Manchester United, so if we were to go shouting about wanting him back on loan, I don't think we will ever get him back," Holloway told the South London Press.
"Besides, we have options [on the wings] - Jason Puncheon can play either side and in the pocket as well as in central midfield. Yannick Bolasie is coming back and will do well.
"It is all about having a squad that is strong enough to make changes and sustain good performances.
"At the moment, we are not beating people. [Jimmy] Kebe might have the chance to do that. And we know Jerome Thomas can."