The 33-year-old became a free agent at the end of last season, but despite holding talks with Holloway, he has decided to sign another contract with Queens Park Rangers.
"Bobby called me this morning - he's going to re-sign for QPR so that it is a definite. It was great to chat to him and we were serious about trying to get him," he told News at Den.
"He had the decency to ring me first so good luck to him. I'll be moving on and trying to find someone else."
Holloway also confirmed that discussions have taken place with Jamaican centre-forward Ricardo Fuller.