Assaidi enjoyed a successful spell on loan at the Britannia Stadium last season and they have been in talks with Liverpool over taking the Moroccan on a full-time basis.
However, so far they been unable to agree a fee with Liverpool for the 24-year-old and Hughes insists the situation remains deadlocked.
"We are where we are on that one," Hughes told the Stoke Sentinel. "Ideally, if we can do something, then yes we will.
"He's someone we know and someone we know can have an impact, so yes we would like to see if something can be done with Ossie.
"But obviously he isn't our player and that means the ball is in Liverpool's court."
Hughes has confirmed bringing in some new wingers is a priority after seeing Matty Etherington, Jermaine Pennant and Michael Kightly all leave the club.
"We are still looking," added Hughes. "We have strengthened defensively, in midfield and up front, so the wide areas is somewhere we have to address, with letting Matty go and not knowing about Ossie.
"It's fair to say we have to look to try to bring a bit more strength into that area."
Agreed he did well for us when he was fit enough to play. That goal against Chelsea was sublime. But he has struggled with fitness big time and so 8M presents a rather substantial risk. I think if he had been fit and not a bit of a bit part player then 8M would be justified.- magicfuller