Green, 32, could add depth and help on the power play. He has 29 points (six goals, 23 assists) in 56 games this season. He is expected to miss his second straight game with an upper-body injury against the Nashville Predators on Tuesday (7:30 p.m. ET; FS-D, FS-TN, NHL.TV) but should be ready to play against the Buffalo Sabres on Thursday.
"It's not a distraction," Green said of trade talk. "I mean, my approach to the game doesn't change. So I just stick to the process, and sometimes that's the only thing you can do."
Holland wants to gather assets for the future and traded goaltender Petr Mrazek to the Philadelphia Flyers on Monday for a conditional fourth-round pick in the 2018 NHL Draft and a conditional third-rounder in the 2019 NHL Draft.
Holland, whose Red Wings (24-25-9) are seven points out of the second wild card into the Stanley Cup Playoffs in the from the Eastern Conference, wanted to make a move with Mrazek before the deadline. Mrazek can become a restricted free agent on July 1, and the Red Wings would have had to make him a qualifying offer of $4 million to retain his rights. They didn't plan to.
Aside from Green, everyone else on the roster is under team control beyond this season.
"So it's not like I feel that I've got to do a deal because I've got these unrestricted free agents," Holland said. "It appears to be right now more of a buyers' market. There's more teams that are selling. The standings are so close, there's some teams not sure what they're going to do. There's not enough teams that are really guaranteed a playoff spot."
More teams will be willing and able to trade around the draft.
"If it's not this time period and it's not the time period at the draft, then the reality is, it's probably a year from now," Holland said.