"If we get into the competition, we will be delighted and we will try and progress as far as we can," Hughes told the club's official website.
"I think we are very close, but a lot of things have to fall into place before we can say we are playing in Europe next season, but if we are, we will give it a go. We should embrace it, and if we are in it, we will try our best to be successful."
Hughes added: "It is a difficult competition to negotiate because of the time frame and the amount of games you have to play.
"If you want to progress you have to come back very early and start playing football almost immediately when you come back."