The Old Trafford boss has only won the competition twice in his 26 years in charge, reaching a two further finals.
But the Scotsman believes that his squad have enough capability to challenge Spanish giants Real Madrid and Barcelona in the latter stages of the competition this season.
Ferguson turns 71 at the end of this year and is aware that he won’t have too many European campaigns left, reiterating that securing the European hatrick is amongst his top priorities.
Sir Alex secured titles in both 1999 and 2008 and feels it is not out of the club’s grasp to add 2013 to the list.
Ferguson went on to tell the Manchester Evening News: “I think in terms of the history of our club, we should have one more and I want to win it again and get into the bracket of winners like Liverpool, our biggest rivals, Bayern Munich and Ajax.
“I think AC Milan and Real Madrid have got separated from the rest of the bunch but that definitely drives me on a bit.”
United’s manager also reflected on the club’s positive form in Europe, which has been in stark contrast to last season.
“We were careless and this year we made sure we were going to qualify and so far we have done well,” he added.
In the process of securing their fourth straight victory in the Champions League this season, Manchester United ensured qualification for the last 16 knockout stages.
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