The Tangerines have already rejected bids for £2.5 and £3.5 million from Villa for Adam. But Holloway has the "raving hump" that Houllier has spoken about Adam, who has 18 months remaining of his current deal.
And following his side's 3-2 defeat at West Brom, Holloway said: "You've got every right to ask me the question, but Mr Houllier should not talk about someone else's player when he hasn't put up enough money to buy him. Will I honestly sell him (Adam) to Aston Villa? The answer is no because I am managing his career."
He added: "I've told him where I think he's good enough to go and again I think he's hit the best pass I've ever seen in my life.
"If there's anybody in the Premier League who can hit a pass like that, how much are they worth? So don't insult me by talking about my players. Don't talk about my player and I got the raving hump about it because it's not etiquette and it's wrong."
Holloway saw his side go under despite taking an early lead but was full of praise for Albion.
He said: "I felt we had a fantastic spell where they looked a bit nervous but I knew what they could do going forward. We had a couple of chances where DJ (Campbell) missed but you have to give them credit. They showed great belief in themselves."
Baggies boss Roberto Di Matteo was relieved to end a five-game losing sequence in the Premier League.
He said: "For the supporters and neutrals, I guess it was an exciting game. For the two managers, a little bit less!
"We had a lot of desire and you saw the commitment of the players. It was a great team effort. It was a fantastic team effort from everyone."
Source: PA
Source: PA