The 84-year-old Playboy founder - who is dating 24-year-old Crystal Harris - has seen countless ladies in the nude but insists it still excites him after all these years.
He said: "Have I become desensitised to seeing women naked? I guess I got used to it over the years, yes. I think that it never really loses its magic, if it`s the right girl. I have always been essentially a tradition-bound romantic. I-ve never really lost that."
The media mogul prefers women to have natural breasts but can understand why some people get their figures surgically-enhanced.
He told the New York Post newspaper: "I think, quite frankly, it`s nicer if you`re well-endowed, but if you come up lacking in that department, one understands that`s what cosmetic surgery exists for."
Hugh is known for his love of younger women and admits the only female close to his own age he would consider dating is his secretary.
When asked if there was a woman over 70 he would contemplate romancing, he joked: "Well, if there was, it`s the one that`s sitting right across from me, Mary O`Connor. She`s my secretary, and she`s the wonder of my life."