The former Republic of Ireland defender was most recently in charge of Norwich City, with whom he oversaw a two year tenure with the Canaries. Despite an impressive 11th placed finish in the 2012/13 season, his second season in charge was dominated by a relegation battle, before Hughton left the club in April 2014 - leaving the club one place and five points ahead of the relegation zone.
His successor - former youth coach Gerry Adams - failed to keep the club in the Premier League, but was appointed on a full-time basis in the summer.
With his current unemployment, Hughton was available to appear on Sky Sports' Goals on Sunday for the opening day of the Football League season. Along with discussing the opening round of Championship fixtures, the 55-year old - who spent a 13 year spell with Spurs as a player - was asked whether he thought he was ready to re-enter the world of management.
'I was ready [for managment] quite some time ago.
'Although you want to be working, you have to look at the value of not working. It allows you to look at the game in a bit of a different perspective.'
Hughton holds a remarkable record in the second tier of English football, leading Newcastle to promotion in his first season as a manager, and losing just one home game in two full seasons with the Magpies and Birmingham City. Whilst his Premier League record is less impressive, the coach is looking for offers at the 'highest level possible' - with the Premier League a determined target.
'[I am aiming for] the highest level possible. Where I have worked, of course, is in the Premier League and also in the Championship. So for me, it's about working at the highest level, but I'm very keen to get back in.'
Despite his determination for an early return to management, Hughton did reveal that he had still recevied no offers. Although, with the season starting, and the sackings starting at a remarkably early date - with Huddersfield now looking for a new manager - a job may not be too far off for the 55-year old.