Latics chief Jonathan Jackson insists that the Lancashire club were right not to sell the 26-year-old in the winter transfer window despite his contract expiring this summer
The forward, who will become a free agent on July 1, had been strongly linked with a move to either Tottenham or QPR in the winter transfer window.
However, with relegation looming, Wigan decided to keep the Colombian and their decision paid off as they went on to finish 15th.
|7/4||Wigan are 7/4 to be relegated in 2012-13 with Paddy Power|
Jackson told the Wigan Evening Post: "For any transfer to take place, there has to be agreement with three parties.
"Both clubs and the player have to want the deal to happen - and we never achieved that with regards to Hugo.
"We moved on, and Hugo was our player for the rest of the season. At the time it was the right decision, and that remains the case."
The 26-year-old has scored 24 goals in 117 appearances for Wigan since joining in January 2009, but managed just two goals last season.