After throwing away a 3-0 lead against Manchester United in the league last time out, Villas-Boas has admitted that the title is now out of reach but will aim for the FA Cup and the Champions League.
He told reporters: "The objectives we have for this season are pretty much outlined.
"We have two competitions where we look better, and another competition where we have to dilute the damage and try to finish fourth, at least, which is not a very honourable position for the dimension of this club.
"Bearing in mind the rest, we focus on the same and a lot of focus on next year's progress as well."Villas-Boas' comments come after the arrival of Blues owner Roman Abramovich at the club's Cobham training ground this week.
The Portuguese coach has insisted the Russian's presence is to merely talk face-to-face and that it will not distract him from the job in hand.
He continued: "We have never stopped speaking, because he is physically present it does not mean the conversation has just started now.
"The conversations have been ongoing, in different modes, but with physical presence you get your ideas across better, which is good.
"You can speculate whatever you want, but for us it is fantastic to have him here.
"It is not distracting, not at all."
Chelsea travel to Goodison Park this weekend with Frank Lampard and Ashley Cole both available for the game against Everton.
And the Portuguese boss is thankful for the pair's return, adding: "It is a major re-strengthening of the squad bearing in mind the options available.
"It is good to have Frank back and Ashley back from suspension, so we will look stronger."