The 25-year-old, who has scored four goals in 24 appearances, moved to the Britannia Stadium last summer for a season-long loan.
"We like Ossie and if we could come to an arrangement with Liverpool we would like to bring him here," Hughes said in Friday's press conference.
"He's a valuable player and I think Liverpool recognise that. I think there's been tentative enquiries but nothing concrete yet. He's done really well here. It's certainly helped him and Ossie's certainly helped us."
Assaidi made just four league starts for Liverpool during his first season at Anfield after joining from Heerenveen.