Chelsea are expected to make a new &poumd;20 million offer for the Schurrle after Bayer rejected a £17 million bid last week.
Holzhauser told the Rheinische Post: "I am not keen on ruling anything out at any point in time, but personally I have laid this topic to full rest last weekend.
"Of course, we have seriously considered the offer. We did. Still we came to the conclusion we would be unable to sign an adequate and affordable replacement for Andre Schurrle."