Hughes has suggested that he is looking for a loan deal with the Scottish Premiership giants.
“We've made an enquiry but a number of teams have made an enquiry,” the Inverness told BBC Sport. "He has always scored goals for me so I know how to get the best out of him and control him."
"I'm still friendly with Stokesy and I'm just hoping if Celtic decide to let him out on loan to a Scottish club, then hopefully he will come back and work with his old gaffer, because we have had a great rapport and a great relationship,” added Hughes.
Inverness are not the only club who are interested in signing Stokes in the January transfer window, though.
HITC Sport reported earlier in the week that Championship outfit Leeds United are also eyeing a move for the Republic of Ireland international striker.
The 27-year-old is struggling for playing time at Celtic and is unlikely to feature in too many games for the Scottish Premiership giants during the second half of the season.
The former Arsenal prospect has been on the books of the Bhoys since 2010 and has a contract until June 2017.
It will be interesting to see which club Stokes chooses. Leeds are one of the biggest clubs in England, but they are playing in the second tier of English football and it is not certain that they will finish in the playoffs. As for Inverness, they are sixth in the Scottish Premiership table at the moment.