Everton have won five of their last six league games, with Sherwood already admitting he is wary of the in-form Toffees.
But he believes they will be competing with Everton again next season.
"On the footballing side one million per cent. That's where we want to be. We want to put ourselves right up there with the Southamptons and Evertons of this world," said Sherwood, who could have Alan Hutton back after an ankle problem, but is still without Gabby Agbonlahor (hamstring).
"I don't think that's unrealistic, even with the group of players that we've got."