The West Ham boss will hold talks with the much-criticised 33-year-old in the near future.
Nolan has become an increasingly unpopular figure among the club's supporters, with a poor run of form last season not looking as though it has changed much going into the current campaign.
And Croat Bilic will speak with the veteran about his squad status at West Ham.
The Hammers boss told reporters: "Of course I'm going to speak with Kev. He is a major player and I'm the first one to admire his career, we have already had a little chat and we will talk more. I will sort it out with Kev."
Of course, Nolan's 'career' is one thing - and it can certainly be admired - but the 33-year-old's current form is a little different.
Offering the West Ham midfielder any reassurances over his first-team role won't have any long-term benefits for the club and would, in essence, be rewarding mediocrity. That's something the Hammers can ill afford when Bilic's brief is clearly to take the club forward and banish the memories of last season's appalling finish under Sam Allardyce.
And many fans can't help but think of Big Sam when they see Nolan in the middle of the park. Rarely has a player infuriated the West Ham faithful as much as the veteran in recent years - and any talks over his future are likely to only go one way.