Hughes was shown the door despite the Citizens lying in sixth place in the table, having lost just twice in 17 league games this term, with Roberto Mancini brought in as the Welshman's replacement.
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In a statement released by the League Managers' Association, Hughes said: "I was informed after Saturday's match against Sunderland that my contract with Manchester City was being terminated with immediate effect.
"Notwithstanding media coverage to the contrary, I was given no forewarning as to the club's decision.
"Given the speed with which my successor's appointment was announced, it would appear that the club had made its decision some considerable time ago.
"I am extremely disappointed not to have been given the opportunity to see through my plans at the club.
"At the beginning of the season I sat down with the owners and it was agreed that a realistic target for the season would be sixth place in the Premier League, or in the region of 70 points.
"All of this was communicated to the players and we all knew where we stood. Whilst everyone at the club would obviously have wanted to see more wins, we were absolutely on target at the time of my dismissal.
"I am very proud of the fact that I steered the club through the most significant period of change in its history.
"I have always been aware of the responsibility that comes with being afforded the luxury of a significant transfer budget and I was grateful that the club supported me with significant investment in players.
"I very much regret, however, that I will not now be able to enjoy the success that would undoubtedly have followed in the light of that investment."
Source: DSG
