The Hollywood bachelor - whose relationships with actress Elizabeth Hurley and socialite Jemima Khan broke down because he didn`t want to settle down - now feels is qualified to be a dad after getting plenty of practice helping with his nephews, nieces and godchildren.
But the 49-year-old actor admits he would employ a team of nannies to help raise his offspring.
Hugh - who is currently single - said: "Ten years ago, I wouldn`t have thought about having children at all. But now I have so many nephews and nieces and cousins and godchildren, I like the thought.
"But that`s on the basis that I can leave after ten minutes. I don`t know what it would be like 24 hours a day. I think I`d have a lot of nannies."
Asked if he still believes he will raise a family of his own, he added to Parade magazine: "Yes, yes, yes. I have not given up hope!
"I find I?m not as bad with children as I used to be."
The `Music and Lyrics` star even has theories on how to raise the perfect child - by not smothering them with love.
He explained: "If you have a smothering parent, the effect it can apparently have on a child is to give them, in equal doses, a sense of too much self-esteem, because they are mummy`s little princess or prince, and low self-esteem. It affects future relationships."