Sherwood was handed an 18-month contract after taking over from the sacked Andre Villas-Boas in December but, despite enjoying a decent start in his first senior managerial appointment, there are suggestions his tenure could be a short one.
According to reports, Spurs chairman Daniel Levy - who was not at Saturday's crushing 4-0 defeat to Chelsea which has left the team four points adrift of the Champions League spots - is lining up Holland coach Louis van Gaal to take over at the end of the season.
When asked about the possibility of a new man coming in in the summer, Sherwood told a number of national newspapers following the loss at Stamford Bridge: "The silence is deafening, isn't it? It's up to Daniel.
"It's up to the club to make that decision. One thing I guarantee people is that there is no one who cares more than me. I want the team to do very well and it hurts me when they don't. I need people to be hurting like I'm hurting."
The 45-year-old former Spurs midfielder, who has overseen eight wins in his 13 Premier League matches in charge and led Spurs through to the last 16 of the Europa League, insists he would not be willing to work under a new manager if there are changes this summer.
However, he indicated he would be suited to the post of technical director at White Hart Lane - a position currently held by Franco Baldini.
"I never want to be a number two," Sherwood said. "I feel like I can do the number one job. I don't think I'd be good at number two. I'm too opinionated. I wouldn't want to do the number two job.
"I do think there is a place for a technical director. I'm someone who sees the club from the bottom to the top on the training field. There's a definite place for that.
"A lot of clubs need to have a person like that, otherwise you get no continuity, you just end up buying seven or 10 players every window and your turnover of players is far too great."