As much as he'd like to add to his defensive corps, Holland told MLive.com on Wednesday that he isn't willing to give up top talent or draft picks for a rental player.
"What's the expense of the rental," Holland asked MLive. "When you're one point up on the last playoff spot it's hard to trade a top prospect or a first-round draft pick to rent a player.
"At the same time we're always looking to upgrade. If there's a hockey trade out there -- I call a hockey trade a trade that affects your team going into next season – I'm obviously open to it."
The Red Wings have been interested in New York Islanders defenseman Andrew MacDonald, but several teams are also in pursuit and Detroit is unlikely to acquire him.
Holland has spoken to the Vancouver Canucks about defenseman Alexander Edler, dating back to last summer's NHL Draft, and is reportedly interested in Buffalo Sabres blueliner Christian Ehrhoff.
Edler owns a no-trade clause and would have to approve any deal the Canucks try to make, but Vancouver is believed to be fielding offers for him.
"I think this time of year you're always looking for defensemen, but obviously there's a lot of teams looking for defensemen," Holland said. "We'll see. It depends on what's available. I don't see us playing a big price on a rental. I don't believe that's the direction we should go but you never know when you get to Wednesday."