Carlo Ancelotti suggests 19-year-old may be available on loan
Kakuta, who has represented France at Under-20 level, is seen as one of the brightest prospects at Stamford Bridge and may be looking to move on a non-permanent basis in order to improve his prospects of first-team football, after making only four starts this season.
Now, former Manchester City manager Hughes is hoping that Kakuta will be allowed to move across West London to Craven Cottage, after monitoring the youngster's progress.
Hughes said: "He's a player I know and I like the qualities he has.
"We are having lots of conversations about lots of players, but at the moment we don't know if any will go through.
"There is a lot of interest out there, whether we can conclude the deals only time will tell."
Chelsea boss Carlo Ancelotti has hinted that he would be willing to sanction the deal but stated that no decisions on Kakuta's immediate future have yet been made.
He told Chelsea's official website: "We are thinking about it.
"It is good for our young players to play games and we are thinking about this, but we didn't take a decision about Kakuta."