So far this season, he has scored an impressive seven goals in just 10 games.
Ugbo told the Athletic: “The ambition is to play for the first team, but if that doesn't work, the best option, the next step, is to join a club where I can settle in.
“Sometimes it gets to that point where you can use your qualities somewhere else.
“I'm 22 and you don't want to leave it too long, where you don't want to be sent to a new club every year.
“You want to establish yourself at one place because that's when you will feel comfortable, your football can go well.
“My goal is to play for a side in the Champions League. One day I will get there. I think I rushed it before, to try to get to that stage as soon as possible.
“Now I am more mature, learning different ways to score goals, to be a more complete striker."