The saints have only won one of their last seventeen premier league games, a performance that sees them occupy 17th position on the league table with 28 points.
Former team-mate and arguably the club's greatest ever player Matt Le Tissier believes Hughes has what it takes to save Southampton from dropping into the Championship.
Mark Hughes is the leading candidate to succeed Mauricio Pellegrino as the Southampton manager.
The Southampton vice-chairman, Les Reed, would have preferred to wait until the end of the season before making a change but the 3-0 defeat at Newcastle on Saturday represented the tipping point, particularly as Pellegrino later questioned whether the players were giving their all.More news: Sam Bradford intends to sign with Cardinals
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He will have eight games to ensure Southampton avoid relegation.
But Jeremy Wilson of the Daily Telegraph reports that Saints have "prioritised the need for Premier League experience and an immediate ability to galvanise their flagging squad".
They now have only one win in seven and have conceded 11 goals in the last three matches, plus there is total civil war breaking out between fans and club.
Benfica are planning a run at former Watford head coach Silva should Rui Vitoria fail to win the Portuguese title.
They play at third-tier Wigan Athletic on Sunday in the FA Cup quarterfinal for a place at Wembley in the last four of the competition.
"From the beginning I tried to do my best every single day", Pellegrino said in a statement published by the club.