Levy is a huge fan of finding the best young players around while they are competitively priced and views Hughes, 17, as a major investment.
Chelsea are also keen to raid Pride Park for Hughes, signing him now and possibly leaving him at Derby. They see him as a first-team starter for them down the line.
Struggling Fulham fancy taking Hughes and blooding him in the Premier League, but the bidding may become too fierce for them.
Derbyâ€™s American owners want around Â£10million for Hughes, a key part of Cloughâ€™s push for the top six. He is their biggest asset for years.