The Welshman surprisingly left his post at Craven Cottage this week after just one season in the job and it was believed that the was set to take the reins at Aston Villa.
However, it has since been established that Villa don't want Hughes who is now out of a job after pulling the pin at Fulham for some unknown reason.
His agent , Kia Joorabchian, has come out and said that the former Blackburn Rovers and Manchester City boss wanted to involved in the top level if competition which is bizarre considering he was managing in the English Premier League.
"As a manager he has ambitions to really compete at the top level and be the best he can," Joorabchian told BBC Radio 5 Live.
"[Fulham] are where they are. They are a great top-10, mid-table club and I think Mark really wants to be right up there competing in the Champions League positions, up there competing for titles. He'd like to win some cups.
"He sat down and thought about it and thought if he signs a two-year contract now and they go and buy players in the transfer market, but all the time looking over his shoulder thinking 'well if a bigger job comes along, a top-four club or maybe a place in Portugal, Spain, Germany, Italy that allows him to compete...' then he'd be sort of keen to move and that would be unfair to Fulham.
"He wanted to tell them and give them plenty of time. There was no better time to do so than at the end of the season."