The 31-year-old striker, who scored 15 goals to help keep the Canaries in the Barclays Premier League, handed in a transfer request at the end of last season that was rejected by the club.
The Canaries are reported to have knocked back several bids from newly-promoted West Ham, and following talks with new Norwich manager Chris Hughton, who took charge after Paul Lambert left for Aston Villa, it was confirmed club captain Holt would remain in Norfolk.
At a press conference held to unveil new signing Steven Whittaker from Rangers, the club also confirmed the signing of midfielder Jacob Butterfield from Barnsley.
Source: PA
Source: PA