“I have enjoyed my time with the club," Hendry told the clubs official website.
“I would like to stay, but it is down to Bolton, I am contracted to them.
“Tuesday night will be my last game as I am suspended for the Stockport game on Saturday.
“I am under contract at Bolton and I think the only way I can stay at Blackpool is by them giving me a free transfer or by releasing me from my contract.
“My agent is involved in talks with Bolton at the moment whether they offer me something or whether they are in a position to offer me something who knows."