He said: "We can't afford to let anybody go. We have been struggling [with injuries] - we have had 13 or 14 players in training at times. Hopefully he [Odemwingie ] won't be going anywhere."
Odemwingie joined Albion in a £2m deal from Lokomotiv Moscow in 2010 and has gone on to score 31 goals in 83 appearances.
He added: "He has always got that ability to score goals for us when it matters. He can be frustrating at times, but other times he can be magical.
"Sometimes everyone says 'just try to shoot'. I know sometimes it will go wide or over the bar, but he can unleash and when he does, they can be unstoppable.
"That's the beauty of him, he can frustrate you, but has so much skill and ability."