The Canaries halted a run of four straight defeats when they booked a place in the FA Cup fourth round with a 3-0 win at npower Championship side Peterborough.
Hughton was able to turn around Norwich's disastrous start to the Barclays Premier League campaign with a 10-match unbeaten run before hitting the buffers over the festive season.
The likes of Celtic duo Gary Hooper and Beram Kayal have both been linked with a switch to Carrow Road during the January window, as have Swansea frontman Danny Graham, Monaco's Ibrahima Toure, Brighton striker Craig Mackail-Smith, Utrecht forward Jacob Mulenga and Luciano Becchio from Leeds.
Hughton, though, does not foresee a hectic few weeks of personnel changes at the Norfolk club.
"I don't expect to be busy. We are, as most clubs will try to do, looking to strengthen the squad. If there are players there we will endeavour to do that, but I don't envisage massive changes," Hughton said, quoted in the Eastern Daily Press.
"January is notoriously not a great time to bring in players. You have to make sure they are the right players at the right price and value which is why at this moment not a lot of business has been done."
Hughton added: "We are doing as much work as we can, not just these weeks during January, but the months leading into this period.
"If it is right and appropriate to do some business then we will do."
Norwich host Hughton's old club Newcastle on Saturday looking to capitalise on the Magpie's own poor form which has seen them slump down the table and into a battle for survival.
Despite suffering successive defeats to West Brom, Chelsea, Manchester City and at West Ham, the Canaries are in 12th place and with a seven-point cushion over the relegation zone.
Elliott Bennett was one of several changes to the side for last weekend's morale-boosting win at Peterborough, where he scored the second goal.
The winger maintains there is a positive outlook within the squad despite not having recorded a Premier League point since December 15.
"We have lost the last four, but I don't think we have played badly. There is a lot of confidence in our dressing room," he said.
"We have had some tough games over the Christmas period and we didn't get as many points as maybe we deserve.
"We will look to the Newcastle game, train hard all week. We will be ready for them and hopefully we can get back to winning ways in the Premier League."
Norwich hope to have captain Grant Holt available again following a hamstring injury, but Steve Morison (thigh) looks set for another couple of weeks out.