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Hi, with out knowing to ur current manager u can not do anything. When I requested a release and thought of searching in IJP my manager told me like pls be remember that ur feedback is in my hand and suggested me to move out of wells and not allowed me to move to other project. Make sure first u discuss with ur manager and take a decision otherwise u will be in big trouble .Neither you get new project nor good rating in the current project and push more and more work with out recognition for ur work.
Don't go by above comments. Wells Fargo has a policy of not notifying your manager when applying an IJP. If the offer gets released, then the current manager has to release. 99% they have to release else HR will take action