Vaughan seems to be out of favour at the City Ground and rumours have begun to surface about his future at the club.
However, Pearce has ruled out any move for the former Blackpool man over the coming weeks as he still feels he has a role to play.
"At this moment in time, I have had no inclination at all to want to let David leave the club," Sky Sports quote him as saying.
"He has just found himself down the pecking order a little bit. Robert Tesche has done well in the last few weeks, Ben Osborn has done okay and Henri Lansbury has as well. David has just found himself down the pecking order, because of that."
Vaughan has only appeared in six of the club's Championship matches so far this season and the 31-year-old has admitted that he is frustrated to have been sat on the bench.
Forest have been in poor form of late, winning just two of their last 19 matches, but Vaughan has still struggled to get a look-in, which shows the quality that Pearce has at his disposal.
With Andy Reid returning to fitness, Vaughan's chances of playing look even more limited, but it appears that he will have to fight for his place at his current side until the summer at least.