West Ham face Tottenham in a mouthwatering Capital One Cup quarter final later this month but already manager Allardyce is dreaming of reaching the final.
His current focus is on earning three points at home against Aston Villa on Saturday.
But if Allardyce could be guaranteed survival in the Premier League, then the man who led Bolton to the Carling Cup final against Middlesbrough at the Millennium Stadium in 2004 would only have eyes for Wembley. The occasion of a cup final, he insists, would be preferable to a lofty league finish.
"Only a final place. I'd trade it for a final. Not for a semi or a quarter," said Allardyce. "Wembley is one place that every manager, every player wants to go to try and play.
"The last time I went (to a final) it was the Millennium Stadium which is pretty spectacular, but having experienced a play-off final with West Ham against Blackpool it was 100 percent better than the Millennium Stadium.
"So as long as we stay in the Premier League I would take a final (over our league position) all day long.
"I'm a man that played professional football who wants to reach the highest level and wants to have memories. Everlasting memories and everlasting photos or videos or digital images today.
"So having got to one final before and having been in the play-offs we would like to get to another one."
There is every chance of West Ham progressing, considering the last time they played Tottenham at White Hart, three weeks ago, they emerged with a 3-0 victory.
With the Hammers having lost three league matches at Upton Park so far this season, an away tie might even be preferable.
Allardyce said: "It's a bit of a mouthwatering tie considering what we did just a few weeks ago, isn't it?
"Tottenham will be up for it. We will be up for it. Our fans will be up for it.
"But my concern before then is points on the board in the Premier League and players fit again. If we get the players fit again and get the squad fit again then we've got a good selection process going through the back end of November and December which is what we'll need."
Matthew Taylor is the latest in a long line of Hammers stars to be sidelined after suffering a knock against Burnley in the Capital One victory in midweek.
Mladen Petric is also out for a couple of weeks after aggravating an injury in an under-21 team run-out, while Ricardo Vaz Te dislocated a shoulder against Swansea on Sunday.
Together with long-term injuries to players such as Andy Carroll and the fact that the re-signed Carlton Cole is not yet ready for a Premier League start, it has left West Ham's squad depleted.
Allardyce said: "It leaves us with a problem in terms of numbers. We're very short of first-team squad players available for Saturday. But it's about getting on with the job and using the players available.
"Since Cardiff at the beginning of the season we have been hugely disappointed with our points total, not our performances. Continuing to lose at home is never acceptable. We have to stop it on Saturday.
"We have to remind ourselves of how good we've been even when we haven't got anything out of the game.
"We need to be more resilient out of possession. We have the best defensive record in the Premier League away from home but we are just not playing at home."