Falkirk managing director George Craig would not stand in Hughes' way
Falkirk managing director George Craig says he is not surprised that manager John Hughes has expressed an interest in the Swansea City post.
Current Swansea boss Roberto Martinez is expected to complete his switch to Wigan on Wednesday.
And Hughes, 44, is keen on taking over providing an official approach is made to the Bairns first.
"There's no approaches been made - at the moment, it's all speculation," Craig told BBC Sport Wales.
"John has been making it known that maybe he's reaching that stage in his managerial career where it's time to see if he can face another challenge.
"He's been particularly specific to say that if an opportunity arose down south he would be interested.
"If an opportunity was to come along for John I would certainly not hold that against him to at least consider it.
"We would be very understanding and would hope that - between ourselves and John and whatever club that came in for him - we would be able to come to some amicable settlement."
Former Swansea striker Hughes went into management in January 2003, initially in a joint role with now-Burnley manager Owen Coyle.
Hughes won the Scottish First Division title twice, after being refused entry into the Scottish Premier League the first time because their ground was not up to standard.
The Bairns have remained there since promotion in 2005 and, despite struggling this season, they still reached two cup semi-finals.
They have also qualified for next season's Europa League, despite losing 1-0 to Rangers in last month's Scottish Cup final.
"He's done some remarkable things in his time at Falkirk," added Craig.
"We don't want to lose our manager in the same way Swansea didn't want to lose theirs.
"What I've got to do is react to situations as they develop. Nothing's developed at the moment."
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