The Irishman has claimed that the Blues’ manager can win trophies at Stamford Bridge, although the 52-year-old is not as hopeful about his side’s chances ahead of Saturday’s clash
Following the Blues’ recent poor run of form, the 34-year-old's position at the club has been brought into question, with the Portuguese boss currently the youngest manager in the Premier League.
McCarthy's side travel to west London currently sat just two points above the relegation places, and whilst the 52-year-old will be hoping to snatch all three points on Saturday, he has no doubt that Villas-Boas will succeed at Chelsea.
He said: “’You'll never win 'owt with kids, will you?’ Remember that one?
"People will say no young boss has been a success in the Premier. Wouldn't it be lovely if he was the first?
"With the success he's had before, he's a good manager and I admire him. He speaks superb English, comes from a different country and handles all that.
"I bet when the first foreign manager came in, they said 'There's not many foreign managers who have been a success.'
"Yet they've all been a success since."
Wolves managed a 1-0 victory against Chelsea in the reverse fixture last season, but McCarthy was less enthusiastic about his side’s chances on Saturday.
He added: "Someone landed on the moon but it's unlikely to happen again in my life."