The 26-year-old has been out of action since November after undergoing surgery on a torn muscle, with the original prognosis deeming the shot-stopper's season over.
But after stepping up rehabilitation and featuring for the Under-21 side in recent weeks, Hughton says Ruddy could feature in Saturday's clash against relegation-threatened Aston Villa.
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|3/1||Norwich are 3/1 with William Hill to win to nil v Aston Villa
"Also, I have to think about Mark Bunn, who overall has done very well for us. I have to consider all of those things, but I am very conscious of where John is at this moment."
A win for Norwich on Saturday will but secure their Premier League status for another season by taking their points total to 41, however the Villans can leapfrog Hughton's side with a victory of their own.
Paul Lambert saw his charges beat fellow strugglers Sunderland 6-1 on Monday, but Hughton is more concerned with his own team's fortunes.
He added: "It is an opportunity for us to get valuable points at this stage of the season, and our home form has been very good. We have continually said it is always going to be in our hands.
"It is nice when other results go for you, with other teams not picking up points, but it is always about what we do.
"We have three games left, two at home, and for us to be exactly where we want to next season it will be about us getting the points and not have to rely on anyone else."