Ralph Hasenhuttl wants Southampton to reach at least the FA Cup semi-finals.
Saints reached the final four last season but were eliminated by eventual winners Leicester City.
Ralph Hasenhuttl's side host Championship outfit Coventry City in the fourth-round on Saturday.
"We played against Leicester and they won the FA Cup, so we lost against the winners," Hasenhuttl told reporters.
"It's a pity, maybe more was possible.
"To come in the semi-final maybe it was a big success and this is what we want to reach again. The semi-final must be our target, or even more if it's possible.
"One time at Wembley you want to go to the final and have a chance to win."
He added: "It's getting tougher every year because the top teams are getting stronger and are taking it more seriously.
"We have to take it round-by-round. Coventry won't be an easy game; it will be a tough challenge."