However, he says the proposal has been rejected.
Reports over the weekend claimed the former Sevilla star was being offered £15,000 a week until the end of the season in order to aid the Magpies' promotion push.
But Nolan stressed those figures were “nowhere near" what was actually tabled to the 30-year-old, who has been without a club since leaving Belgian side Anderlecht last August.
“There were discussions between Alan (Hardy, Notts owner) and the player's agent," he told the Nottingham Post.
“We made him an offer which was very good for this league but it was nowhere near what has been printed.
“It was a very good offer for somebody who has been out of football for six months or so.
“He decided not to take it and that's how far it got.
“I am not having to get my limited Spanish out. The deal hasn't worked out and we move on."