The former Toffees striker, who scored more than 70 goals in two stints with the Merseyside club, was appointed as Roberto Martinez's first team assistant during the week.
Ferguson has stepped up from his role with the U18s to work more closely with Martinez and he is looking forward to having more of an influence on the club he loves so dearly.
"It will be an emotional time for me, I'm very proud," he told evertontv.
"It's been fantastic. I've been coming up (to the first team) once or twice a week since the manager came in and he told me he'd like me to come up full-time and I'm delighted.
"I think the idea was to integrate me into the squad and it is a fantastic opportunity for myself.
"It is a great challenge. You are with the best of the best, this is the elite, the best players in the world and you have to make sure you do your job properly."
The Toffees currently sit seventh on the Premier League table and are in the quarter-finals of the FA Cup which suggests to Ferguson that it could be a fairly successful campaign at Goodison.
"We can push really hard for a European spot and the manager is emphasising that," he added.
"We can get some good rewards this year and we are still in the cup as well."
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