New Canaries boss hopes the striker can be persuaded to withdraw his transfer request and remain at Carrow Road, while funds have been made available for him to spend
Club captain Holt was instrumental in the Canaries' meteoric rise from League One also-rans to a secure place in the top flight, after helping the Norfolk club to successive promotions under Paul Lambert.
He notched an impressive 15 goals in his first season in the Premier League, earning him the club's Player of the Year for the third year on the spin and he was also considered unfortunate by many to miss out on a call up to Roy Hodgson's 23-man England squad for Euro 2012.
But Holt submitted a transfer request at the end of the previous campaign and has been tipped to follow Lambert to Villa Park, and Hughton admitted addressing the striker's future will be his top priority.
"I can understand the speculation and I have listened to it from further than here," he told Sky Sports News.
"He is a quality player, there is no doubt about that. Anybody that has got the record he's got over the last few seasons, and to score the goals that he has done last season, I don't think there would be any manager coming in that wouldn't want to keep a player of that quality.
"But I have only been through the door a few minutes and I haven't had an opportunity to speak with him. That will be one of the priorities, along with other members of the squad. I do need that opportunity to chat with him, but he's a player that's contracted to this football club.
"He's won Player of the Year for the last three seasons, so I'm conscious of what he means to this club and I would like him here."
Although he is determined to hang on to Holt, Hughton is also keen to keep other prized assets such as Wesley Hoolahan and he has hinted that funds will also be made available to strengthen the current playing staff.
"We have had conversations, of course," he said when quizzed about his new transfer budget.
"The bigger conversations will start once we get through today. I have been in for a very short period of time and other details have had to be sorted out first.
"But we will have conversations about how we can move forward and there will be a budget to work on with bringing players in.
"But that's probably not the most important thing at this moment, there is a squad of players here that have fared very well, not only last season but in the last few seasons.
"It's a question of getting to know them, getting to know the quality of the players, to assess where we can strengthen because this is a tough and demanding league.
"We need to see where we can strengthen and where we can make ourselves better as a team and as a squad. These are decisions that I will need to make over a period of time."