Moses is on-loan from Chelsea.
"Victor is still a Chelsea player, we're very pleased with what he's producing," Hughes said on Friday. "We have given him the opportunity and he's in a good place.
"We'd ideally love to be able to take him if we can but that won't be our decision. Things have to fall in place but if there was an opportunity to bring Victor next season we'd love to do it.
"It will be discussed at the end of the season, we will see how far it can go. But his profile is being raised so it is a two-edged sword."