The 44-year-old has been placed in temporary charge of Spurs following the sacking of Villas-Boas on Monday, less 24 hours after Liverpool romped to a 5-0 victory over Spurs in north London.
Sherwood will be in charge for Sunday's Barclays Premier League trip to Southampton but it remains to be seen if he will land the job on a full-time basis as the likes of Gus Hiddink and former England managers Fabio Capello and Glenn Hoddle continue to be linked to the job and - if a new man is brought in - the former Blackburn midfielder revealed he would not be keen on remaining involved in first-team affairs.
"That isn't me to be honest, I wouldn't want to do that," he said when asked about assisting another manager.
"I don't think (chairman) Daniel (Levy) is linking them [other names], it is the press who are putting the names there.
"They are all good managers and we have had good managers at this club, sometimes it has got to fit, the club and the manager have to be compatible.
"It is not always about the biggest name, he may have done well at another club but it doesn't mean he is going to do well at this one.
"It is up to the chairman and the board to make the correct decision which is right for the long-term future of this club, it isn't good to keep changing managers."
Sherwood also said he believes the only thing that matters to a football club is winning games after Villas-Boas spoke of working on long-term projects during both his time at White Hart Lane and his ill-fated nine-month spell as Chelsea manager.
But Sherwood, whose first match at the helm finished in a 2-1 defeat to West Ham in the Capital One Cup quarter-final on Wednesday night, has a more simplistic outlook on how best to stay in a job and achieve the ambitions of a club.
"I'm just getting on with the job and trying to enjoy it as much as I can," he said.
"We will have to speak about long-term with the chairman it is his decision, if it was down to me I would be getting a 10-year contract now but football doesn't work like that.
"It is all about getting results. I listen to managers all the time talk about the project, the project is you win games or you get sacked - end of story."
Despite his lack of managerial experience Sherwood feels he has plenty to offer given his long-standing connections to Spurs and his work with the development of young talent coming through the ranks.
"I know all about the football club, I played here and it is my club," he added.
"I know what the supporters want and what they demand but it is not my decision to make the appointment.
"I know the players and the good young talent that is coming through the club. I need to talk about philosophies, what we are looking to do, buy players or bring them through."
Southampton manager Mauricio Pochettino has also been linked with the vacancy and Spurs will face a tough test when they travel to St Mary's on Sunday.
Sherwood will be buoyed by the return from suspension of skipper Michael Dawson but is still without fellow defenders Jan Vertonghen and Younes Kaboul as well as Paulinho, while winger Andros Townsend is also missing through injury.