A shrink-fit sleeve assembly comprising a bit body includes at least one sleeve port with a substantially tubular sleeve disposed therein and interferingly engaged therewith. The sleeve port includes an internal surface of substantially circular cross-section, and the tubular sleeve includes an internal nozzle port and an external surface of substantially circular cross-section. A lateral dimension of an external surface is equal to or greater than a first dimension at ambient temperature. A nozzle assembly and a method of manufacturing or retrofitting a drill bit are also disclosed.