The Hammers were handed the keys for the Olympic Stadium after a deal for the London 2012 centrepiece was finally agreed, with the club set to move in ahead of the 2016/17 season.
Nolan, 30, is completely behind the move from West Ham's current Upton Park home and reckons it will give the Hammers the best chance of challenging the established Premier League giants.
"You can see that this is a club that has always had the up-and-downs because they haven't been able to splash the cash," he told Press Association Sport.
"They haven't had the stadium to create the revenue so I think this is the perfect opportunity to put this club in amongst the big boys and we have got to make sure now that we stabilise the club in the fact we make sure it is still a Premier League club and even fighting for European places by the time we move here."
- Sports & Recreation