Villa has been linked with a move to Manchester City in recent weeks.
“It is difficult to overcome the idea that there is one price for us and another for the rest but we have dropped deals before and we will again,” Hughes told the Daily Mail.
“We will not pay ridiculous money. If a club wants us at the table it has to talk sensibly.
“Valencia wanted £90 million for David Villa and the fact is he isn’t worth £90 million, so no deal.”