Hughes seems to be Rovers number one managerial target following the departure of Graeme Souness to Newcastle last week.
Reports are suggesting that Rovers would be prepared to allow Hughes to continue his role has Wales coach on a part-time basis.
"Mark had two great years at Ewood Park as a player so Blackburn is a club which is close to his heart, and therefore this is the kind of job that would interest him," Hughes' agent Dennis Roach has said.