The Moroccan has endured a mixed season at Loftus Road and only scored his first Premier League goal against Arsenal earlier this month.
That has led to speculation the forward will be sold to Wolfsburg for a fee of around £8m this summer - but Hughes insists he wants to keep the former Tottenham man in west London.
"I think there was speculation this week," said Hughes. "I'm unaware of it [a potential move] and certainly we have not had any conversations in that regard.
"Adel is part of what we want to build in the future. I have no intention of allowing him to leave as he is a big part of what we want to do in the future."