Bellamy has already struck ten goals this season and is in superb form.
Hughes said: "Every time I have been involved with Craig, he has produced.
"From our point of view, that is fantastic because, arguably, he is playing some of the best football he has ever produced. He knows he has a platform and the players around him that would allow him to be as successful as he knows he can be.
"Craig left Blackburn because he wanted to be successful and win trophies. When he left Liverpool, maybe he hadn't quite fulfilled the ambition that he had.
"This is another opportunity and you sense it is one he does not want to let pass him by."